Most employers will automate their super payments using their payroll software, such as Xero or QuickBooks. However, if you wish, you can use the Small Business Superannuation Clearing House (SBSCH) instead.
The clearing house is a free online service provided by the Australian Government that you can use to pay super for all your employees through a single payment. The clearing house will then distribute the money to each employee’s super fund according to your instructions.
With the clearing house, you can:
- nominate a regular amount for each employee or change the amount when you make a payment
- meet your super guarantee (SG) obligations when your payment and instructions are accepted by the clearing house by following the clearing house terms and conditions
- pay online to meet SuperStream requirements
- see records of your past super contributions.
The SBSCH is accessed via ATO Online Services
Find out more here:
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