Forum Discussion

Old1fan's avatar
Old1fan
User
5 years ago
Solved

Setting up SMSF

I wish to set up a self managed super fund in AccountRight 2019 but because we use an alternative superannuation clearing house, we don't want to register for Pay Super.   Can this be done, and if ...
  • Theresa_D's avatar
    Theresa_D
    5 years ago

    Hi Old1fan 

     

    You do not have to register for Pay Super.  You can set up the SMSF by going into List >> Superannuation Funds >> New >> Untick 'Pay from AccountRight' >> Put title but no other info >> Click okay.  This SMSF will then be available in the list.  Note that you will not be able to set up bank account details with this. 

     

    I hope this clarifies. If this answers your post please mark 'Accept as Solution' to help other users find this post easier. 

Old1fan's avatar
Old1fan
User

I got through to these links previously but they insinuate that I have to register for Pay Super to be able to set up a fund.

I find this unacceptable when all I want to do is nominate an employee’s SMSF to pay into and can’t seem to find a way around it.

I currently pay super contributions using Pay Liabilities and due to group policies, cannot process direct from MYOB.

Theresa_D's avatar
Theresa_D
Former Staff
5 years ago

Hi Old1fan 

 

You do not have to register for Pay Super.  You can set up the SMSF by going into List >> Superannuation Funds >> New >> Untick 'Pay from AccountRight' >> Put title but no other info >> Click okay.  This SMSF will then be available in the list.  Note that you will not be able to set up bank account details with this. 

 

I hope this clarifies. If this answers your post please mark 'Accept as Solution' to help other users find this post easier.