Multiple superannuation funds for an employee
I have an employee who wants to put $200 into his current superannuation fund, then the balance into his self-managed super fund. I can see I can change his payroll card to just pay the $200, but how...
Forum Discussion
Hi Shella,
Thanks for that, I didn't think it was straight forward 😊
So, do I accrue the two lots of super as separate mounts within the same employee card?
We pay weekly, so there is always at least 4 lots on each Super remittance.
And how does the system know how to report to the different funds, when you can only have one fund for each employee card?
If I sound a bit confused, that'd because I am 🤗
Thanks again,
Tracey
Hey TraceyMills,
Yes, you'll just need to pop the two separate super amounts into the same employee card. The extra bit will be treated as salary sacrifice, and here's a handy link on how to set that up. If you've already got the salary sacrifice category set up— no dramas! Once you've processed the pay run and you're ready to pay super, just jump into the employee card and swap the super fund to SMSF first. That way, the additional super goes exactly where it needs to.
Cheers,
Doreen
