Employer Payday Super - helpful tips for smoother payments

Key takeaways

Helping employers prepare for Payday Super by keeping super payment information accurate and complete, so contributions can be processed smoothly.

• Ensure the commencement date of the contribution falls after the employee’s date of birth otherwise it will be rejected.
• Ensure the contribution amount is in the Employer SGC not the other contributions.
• Keep employer information current such as name, ABN, Employer ID and banking details and tell your clearing house of changes before submitting.

Simple checks before you pay super

Payday Super is a positive change that can help employees receive their super sooner. With a few simple checks, employers can help make the process smoother, reduce rework and support better outcomes for their employees.

• Send contribution details at the same time as the related payment.
• Include key employee identifiers where available, including tax file number, date of birth and member number.
• Check employee details before each pay run, especially for new starters or employees who have changed funds.
• Monitor any unmatched payments, error messages or follow-up requests.
• If a field is optional and you do not have the correct information, it is better to leave it blank than to enter placeholder details.
• Fix exceptions quickly so contributions can be allocated without delay.
• Make sure the right people in your business monitor emails from your payroll provider, clearing house and super funds.
• Contact your payroll provider or clearing house if you are unsure how member verification requests will work in your process.

Sending the right details helps reduce:

• Delays in allocating contributions.
• Manual follow-up between employers, payroll providers and funds.
• The risk of a contribution being rejected or refunded.
• Extra administration for employers and their teams.

By following these simple steps, employers can reduce processing delays, minimise administration and help ensure their employees' super reaches their accounts as quickly as possible.

‍Need help?

If you are unsure about the information required for a contribution or need assistance, visit Payday Super, contact the BUSSQ team, or call us on 1800 692 877.