The easiest way to manage your employees' super is by clearing house. Using a clearing house ensures your payments are SuperStream compliant, and makes them easier to track.
You might already have access to a clearing house through your accounting software. If not, the ATO's Small Business Superannuation Clearing House is free for small businesses with less than 20 employees.
A superannuation clearing house is an electronic gateway that allows you to make all your super contributions for all your employees in one single payment. Using a clearing house is a SuperStream compliant way to pay super contributions.
The ATO’s SuperStream certified product register contains a list of commercial clearing houses available.
Alternatively, if you have 19 or fewer employees, or a turnover of less than $10 million a year, you can use the free Small Business Superannuation Clearing House (SBSCH).
Source: Australian Taxation Office, YouTube
Read more about how to access the Small Business Super Clearing House (SBSCH) Service on the ATO website here.
Please check out our Employers page to access our clearing house details.
Yes, however this varies depending on how you make your payment.
If you make the payment via BPAY, we will require all the correct remittance information to be submitted electronically in order to be able to correctly allocate the funds to each person. If you are paying the contributions directly to us, please submit one Notice of Payment form for each employee.
If you are paying via a clearing house, you just need to send the contribution information for all your employees together with your electronic payment to the clearing house, and the clearing house does the rest.
We do not accept contributions via cheque as these are not SuperStream compliant. Please contact us if you are having difficulties making a payment on behalf of your employee.
No. Future Super is a choice fund. Every member must choose to join the fund.
In the event that you can't make a payment to your employee through a clearinghouse, you can submit an employer contribution using direct deposit and our payment confirmation form. Follow these steps:
Generally, Australian employers are required by Government legislation to make superannuation contributions for employees who are paid $450 or more before tax in a calendar month. It doesn’t matter whether the employee is full time, part time or casual, or if they are a temporary resident of Australia.
The minimum you must pay is called the Super Guarantee (SG) and this is currently 9.5% of the employee’s wages.
You can read more about how much super you need to pay on the ATO website here.
There are some rules around how employers must pay super:
You can read more about paying super and your obligations as an employer on the ATO’s website here.
Our preferred method of payment is via a clearing house as this is the most SuperStream compliant method and ensures we have all the information required to allocate member contributions correctly.
A clearing house can also make paying super much easier as it allows you to make contributions for multiple employees and across various super funds in one payment.
If you use a payroll software, you may wish to ask your system provider if it is SuperStream compliant. Some payroll systems cover both information and payments, but some cover information only and you may need to pay super contributions to each super fund separately. Even if you are already paying super contributions by EFT or BPAY, you may not be reporting your SuperStream data electronically in a standard format.
You can use the ATO’s SuperStream certified product register to check if your payroll software is compliant or find another SuperStream compliant solution.
The ATO also has a handy Step-by-Step Guide for ensuring you are paying super contributions compliantly.
SuperStream is an electronic gateway which streamlines the way employers make super contributions for their employees. All employers should be paying super contributions in a SuperStream compliant way.
The only exceptions for non-compliance are:
To be SuperStream compliant, contributions and identifying data must be sent electronically. The money and information are transferred between the employers, superannuation funds, service providers and the Australian Taxation Office (ATO).
The ATO has a handy Step-by-Step Guide for ensuring you are paying super contributions in a SuperStream compliant way.
Source: Australian Taxation Office, YouTube
To set up contribution payments for a Future Super member in a clearing house, you will just need the following:
Fund name: Future Super or Future Super Fund
ABN: 45 960 194 277
USI: 45 960 194 277 010
Member number (request this from the employee)
The below video tutorial demonstrates how to set up a payment instruction from the Small Business Superannuation Clearing House (SBSCH).
Source: Services Australia, YouTube
If you have made an error and require a refund for overpaid contributions, we will require a valid hardcopy statutory declaration containing:
Please post your completed statutory declaration to:
PO Box 1282
Albury NSW 2640
Please note that we cannot refund these payments without receiving a valid statutory declaration.
Where do I find all the payment information?
You can find our fund information on our website here.
You can request the member number from your employee. You can also request they complete a Standard Choice Form.
Why would my contributions be returned?
If you have had a contribution amount returned to you, it’s possible that some of the fund or member information was incorrect. It may also be due to the member account being inactive.
You may wish to check the fund and member details you have are correct. If all the details are correct, you can reach out to our helpful team on 1300 658 422 or email us at email@example.com.
Small Business Superannuation Clearing House (SBSCH) Troubleshooting
If you experience an issue within the SBSCH, you can find a list of troubleshooting resolutions here.