What is a superannuation clearing house?
A super clearing house allows you to make a single online payment for superannuation contributions to all employees¡¯ super funds.
After registering the superannuation preferences of your employees with the clearing house, you simply login each payment cycle and make a single electronic transfer to the clearing house. The clearing house then distributes the required payments to all your employees¡¯ super funds on your behalf.
Not only does it save you time but it also minimises the risk of payment errors.
How do I find a super clearing house?
If you¡¯re a smaller business with under 20 staff members, then you can use the Federal Government¡¯s Small Business Superannuation Clearing House. This is a free service offered to all small businesses in Australia.
If you¡¯re a business with more than 20 employees, most super funds provide access to a clearing house service and will help you set up your account.
There are also a number of private super clearing house service providers.
Your question will be sent directly to the fund you select