Forum Discussion

Ryankelsey21's avatar
Ryankelsey21
2 months ago

Employee - Self Managed Super Fund

I have a new employee with a Self Managed Super Fund.   How do I enter this into Payroll.  We do not use Pay Super.
Doreen_P's avatar
Doreen_P
MYOB Moderator
2 months ago

Hi there Ryankelsey21,

 

If you have a new employee and need to set up a self-managed super fund, you will need to sign up for Pay Super. And since you're not using Pay Super, you no longer need to tick the "Pay directly from AccountRight" option, as per the screenshot below.

 

To proceed, see steps below:

 

  • Go to the Lists menu and choose Superannuation Funds. The Superannuation Fund List window appears.
  • Click New. The Superannuation Fund Information window appears.
  • Enter the Name you want to use for the fund within AccountRight.
  • Select the fund Type as Self-Managed.
  • Enter the fund's ABN. The Registered Name for the fund will appear automatically. If it doesn't, check the ABN you've entered.
  • Select the fund's ESA from the list. This is the Electronic Service Address, and is used to send data messages to the fund about the contributions you make.
  • Enter the fund's BSB and Account Number.
  • Click the Add fund contact details link to add the fund's Phone Number and Address.
  • Click OK. The fund now appears in the Superannuation Fund List window.

You can also check this link for more information.

 

Best regards,

Doreen