Yes - you can pay your employees' super through http://pay.com.au in a way that suits your cashflow, and earn PayRewards Points while you do it. You'll pay your clearing house through http://pay.com.au , and your clearing house distributes the funds to each employee's super fund.
It's a one-time setup, then a quick flow each payday.
1. Set up your clearing house as a payee
You only need to do this once. Add your clearing house as a payee in http://pay.com.au using the details they've issued you:
- ABN
- BPAY biller code or bank account details
- Any standing reference details
Need to choose a clearing house? See the list of certified Super Clearing Houses.
2. Make the payment
Each payday, work out your contributions in your payroll system or your clearing house portal. The clearing house will generate your payment instructions, including a unique PRN (Payment Reference Number) for that run - you'll need it for the next step.
Then in http://pay.com.au :
Go to Make a Payment > Superannuation
Select your clearing house as the payee
Enter the amount and PRN from your clearing house
Choose your payment method - bank transfer, Visa, Mastercard or Amex
Choose your PayRewards earn rate
Review and authorise
Done. Super paid, points earned.
Using Xero for payroll? See How to Pay Super using Xero for a step-by-step on pulling your numbers from Xero.
Paying super to a Self Managed Super Fund (SMSF)
If you're paying super to an SMSF rather than through a clearing house, use the Payroll payment flow instead. Add the SMSF as a Payroll payee using the details provided by your employee, then make the payment via Make a Payment > Payroll.
Important: Payments to an SMSF owned by an individual or entity associated with the cardholder are classified as Related Entities, which is a prohibited payment type on http://pay.com.au . These payments can be made via Pay.com.au by selecting bank account as your payment method. See the Payment Rules and Regulations page for more information
A few things to know
Super payments can't be set up as recurring. Each payment needs a unique PRN issued by your clearing house for that specific run, so you'll set up each payday's payment fresh.
Timing is on you. Under Payday Super, contributions need to reach each employee's super fund within the legislated window. http://pay.com.au pays your clearing house, and your clearing house then forwards the funds to the super funds - make sure you're allowing enough time for both legs to clear before the deadline.