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Pay Superannuation: Contributing to multiple superannuation funds

Cover User

7Posts

16Kudos

0Solutions

7 Posts
Cover User
Australia

We currently use the pay superannuation feature of MYOB.  This ensures we are super stream compliant which due to our business size is a necessity.  We have a new employee who would like to contribute his SGC to 2 seperate superannuation funds at a rate of $200 per quarter to one fund and the balance to a seperate fund.  This is proving problematic due to MYOB only allowing 1 superannuation fund per employee card.  I have called MYOB technical support who couldn't find a solution so they put me through to super stream technical support who also couldn't come up with an answer. 

Is multiple super funds for per employee card for SGC something you are considering for future updates to allow us to continue using your product and keeping our super stream compliancy?

Any help would be greatly appreciated.

 

"Using Pay Superannuation and Employees contributing to Multiple Superannuation Funds"

Current Status: Open
Last Changed: September 2015

 Hi @CazFromVMG

 

Thank you for your feedback in regards to AccountRight and Pay Superannuation for multiple superannuation funds.

Currently you are unable to pay superannuation for the one employee card for two superannuation funds. I would encourage other users that would like to see the option for allowing multiple superannuation funds being selected on the employee's card and having the ability to pay both funds using Pay Superannuation to vote and comment if required for this idea.

11 Comments
CB19
Experienced User
32 Posts
Experienced User

I was provided with the support note below a few days ago, as the method to deal with employees with multiple super funds in the new AccountRight.  Surely there must be a better way than this!! 

http://help.myob.com/wiki/display/ar/Employees+with+multiple+super+funds?searchfacet=support:help&se...

 

This process is multi-stepped, complex and fraught with the risk of making STP reporting mistakes (and the instructions must have been created before the advent of STP - there is not even a mention of the ATO Reporting Category in the payroll category set-up instructions). 

 

I use Xero in another role, and in that program, adding a second super fund for an employee is so simple.