Hey Ayushmadaan,
It can get a bit tricky with super setups like that. You can process both the SMSF payment and extra super payment for a different fund altogether. What you'll need to do is this:
Bit of a manual step, but it'll keep your STP, payroll summaries and compliance nice and tidy. You can also check the links below for more info.
Cheers,
Doreen
Hi Doreen, thanks for your reply. My husband and I both have 2 different superannuation accounts, one is a SMSF and one is our Industry Super fund and we split our superannuation between the 2 of them. At the moment I am paying manually through ATO Small Business Superannuation Clearing House but as i understand it, we won't be able to do this from next year when the immediate superannuation payment changes come in. Are MYOB looking to be able to pay into 2 different superannuation accounts per staff member because swapping cards each pay cycle between different super funds as you have mentioned above is going to be a nightmare if you are doing this each and every week? Can you advise/comment please?
Hi Jillsco93,
It makes complete sense, manually switching an employee’s super fund on their card each pay run is a hassle, especially if you’re paying weekly. In MYOB, an employee card can only have one active super fund at a time, so you can’t split a single pay into two different funds unless you do that manual switching each time. The Government’s proposed Payday Super changes are planned to kick in from 1 July 2026 and we are still working through the details. We don’t have confirmed plans yet to support two concurrent super funds per employee, but we've passed your feedback to the product team for consideration.
Cheers,
MYOB
Doreen,
Does this mean you have to process super twice - once without the additional super (the bulk of super for the company) and then a second time just for the additional super?
Hi CazzB,
You’re right, that’s exactly it. You’ll need to process super twice in Pay super window. First, run the standard Super Guarantee to the usual fund, then do a second payment for the Additional super. Before the second payment, change the super fund link to the employee’s nominated fund. Always make sure each contribution is paid to the correct, assigned Super fund.
Cheers,
Princess
