Available to any business with fewer than 20 employees, the clearing house aims to make paying super easier, cutting through red tape and saving time and paperwork.

NFPs can often be faced with having to send payments to multiple superannuation funds, making processes complicated and time-consuming for those who pay contributions by a variety of methods, including cheque.

The clearing house simplifies the process into a single, electronic payment for all employees, and sends the nominated contributions to the correct superannuation funds – avoiding the need for organisations to deal with multiple funds.

Once registered and set-up for the service, it only takes a few minutes to make payments.

Erin Radford

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