Forum Discussion

moff's avatar
moff
Contributing Cover User
3 years ago

SMSF & ESA

Hi. Do I need to have an ESA for our SMSF?

Does MYOB have this  in their programme

Thank You

  • Sam_R's avatar
    Sam_R
    Former Staff
    3 years ago

    Hi moff,

     

    Thanks for your post. 

     

    Yes, in order to make super payments to an SMSF through your software, they must have an ESA. You can find more information on this via the ATO's website.

     

    Do reach out if you had any further queries. 

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

    • MKSP's avatar
      MKSP
      Cover User
      3 years ago

      Hi there

       

      Is this still the case? That to change the ESA for my SMSF I have to change the name of the SMSF by adding a letter or number? Not the registered name, just the name in my list of super funds?

      • Sam_R's avatar
        Sam_R
        Former Staff
        3 years ago

        Hi MKSP,

         

        Thank you for your post. 

         

        Because you cannot edit these details on an existing SMSF card, you need to create a new card with the updated details, however, because each SMSF needs to have a different name, you need to rename the old SMSF card in order to create the new one. 

         

        Do let me know if you had any further queries.