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CollTspt's avatar
CollTspt
Experienced User
8 days ago
Solved

Pay Super & smsf

Hi there I just set up Pay Super & have a query re smsf. The superannuation fund info shows this listed as Standard (APRA-regulated) but I can't change if to "self-Managed" with the drop down arrow....
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  • Doreen_P's avatar
    Doreen_P
    8 days ago

    Hey CollTspt,

     

    Looks like you’ve set it up as a standard APRA-regulated fund, and that’s why the dropdown won’t let you switch it to SMSF. You can’t edit the type once it’s created, so yes, you’d need to create a new fund and pick “Self-Managed” from the start. Don't worry, creating a new one won't mess with the past transactions or reports. Make sure to also update your employee records so contributions go to the right place. You can also check this link for more info. 

     

    Cheers,

    Doreen

Doreen_P's avatar
Doreen_P
MYOB Moderator
8 days ago

Hey CollTspt,

 

Looks like you’ve set it up as a standard APRA-regulated fund, and that’s why the dropdown won’t let you switch it to SMSF. You can’t edit the type once it’s created, so yes, you’d need to create a new fund and pick “Self-Managed” from the start. Don't worry, creating a new one won't mess with the past transactions or reports. Make sure to also update your employee records so contributions go to the right place. You can also check this link for more info. 

 

Cheers,

Doreen

CollTspt's avatar
CollTspt
Experienced User
8 days ago

Thanks so much Doreen.

Great advice & explained well.

All good now!

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