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Creating and managing superannuation funds in payroll app

Learn how to create an manage employee superannuation funds in the payroll mobile app.

There are two types of funds that can be configured, APRA regulated and Self Managed, commonly known as SMSF.

Creating superannuation funds

  1. Go to Settings, then Superannuation funds
Superannuation
  1. Select the Plus symbol in the top right corner
  2. Select the type of fund: APRA regulated or Self managed
For APRA regulated funds
  1. Select Fund name, then start typing in the search bar to see a list of options to select from.
Select fund
To request a super fund to be added to the list of available options, select the Superannuation fund isn't listed link on the Add super fund screen, enter the details of the fund and select Submit.
  1. Select the fund followed by Done.
  2. Enter a Display name so it will be easy for you to identify, and enter other optional details as required.
  3. Select Done.
For self managed funds
  1. Enter the Display name, Fund name, Electronic service address (ESA), and the funds Financial institution details.
  2. Select Done
    Add super fund

Selecting a default fund

You can make one of your created superannuation funds a default superannuation fund. The default fund is the superannuation fund available for your employees if they do not already have a chosen fund.

  1. Go to Settings, then Superannuation funds
  2. If you have created one or more superannuation funds but haven't yet set a default superannuation fund, you will see a notice prompting you to select your default fund. Click the Select default fund button.
  3. Select Superannuation fund.
  4. Select a fund.
  5. Select Done.
Some books may contain a system generated fund, which will appear in the superannuation funds list with a fund name of Default Super Fund. This is not the same as the default superannuation fund required for employee self-onboarding. If you see this fund in your list, select Review details to see a list of employees who are using this as their super fund. You will need to update their records with the correct super fund as soon as possible.

Changing the default fund

Changing the default fund will not affect employees currently linked to the existing superannuation fund; however, it will be available for easy assignment to new employees.

  1. Go to Settings, then Superannuation funds
  2. Select Edit next to Default fund.
  3. Select the fund, then select Done.

Updating superannuation funds

To edit or update a superannuation fund:

  1. Go to Settings, then Superannuation funds
  2. Select the fund, then select Edit.
  3. Edit the relevant details.
If the superannuation fund is your default superannuation fund, you will be restricted from editing the superannuation fund type and the chosen fund and fund product. To edit these details, you'll need to change the default fund.

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