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Ayushmadaan's avatar
Ayushmadaan
Contributing User
1 year ago

How to split super contributions between two different super funds for one employee?

Hi MYOB Community, I need advice on a superannuation setup: One of our employees has an SMSF for their SG contributions but also wants an additional percentage (x%) paid into a retail/industry supe...
CazzB's avatar
CazzB
Cover User
7 months ago

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?

Princess_R's avatar
Princess_R
MYOB Moderator
7 months ago

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

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