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Employer super obligation

This post is archived and may not be up-to-date.

Newbie

Views 748

Replies 2

Can an employer, if not registered for any default superfund, pay super directly from the business bank account to employees choice superfund.

What is the correct way of paying super into employees choice superfund?

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

ATO Certified Response

Former Community Support

Replies 0

Hi @Herkess,

 

Thanks for getting in touch!

 

If an employer has identified their employees are eligible to choose the super fund their super contributions are paid into, the employer needs to provide a standard choice form with Section B & C completed and giving it to the employee.

 

The employee is require to complete the super choice form and give it back to the employer so then can make super guarantee payments to the fund they chose. If a super guarantee payment is due and the employee hasn't returned the form, the employer must make the payments into the employer-nominated fund by the due date.

 

Once the complete information is provided, the employer can start paying contributions to their chosen fund. You can report and pay employees super electronically ensuring it meets the SuperStream requirements.

 

Thanks, JodieH.

2 REPLIES 2

Taxicorn Registered Tax Practitioner

Replies 1

Only if the employees are members of your SMSF, otherwise you need a superstream provider.

 

Most helpful response

ATO Certified Response

Former Community Support

Replies 0

Hi @Herkess,

 

Thanks for getting in touch!

 

If an employer has identified their employees are eligible to choose the super fund their super contributions are paid into, the employer needs to provide a standard choice form with Section B & C completed and giving it to the employee.

 

The employee is require to complete the super choice form and give it back to the employer so then can make super guarantee payments to the fund they chose. If a super guarantee payment is due and the employee hasn't returned the form, the employer must make the payments into the employer-nominated fund by the due date.

 

Once the complete information is provided, the employer can start paying contributions to their chosen fund. You can report and pay employees super electronically ensuring it meets the SuperStream requirements.

 

Thanks, JodieH.