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Super clearing house

Super clearing house

Making super contributions easier

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What is a superannuation clearing house?

A super clearing house allows you to make a single online payment for superannuation contributions to all employees’ super funds.

After registering the superannuation preferences of your employees with the clearing house, you simply login each payment cycle and make a single electronic transfer to the clearing house. The clearing house then distributes the required payments to all your employees’ super funds on your behalf.

Not only does it save you time but it also minimises the risk of payment errors.

How do I find a super clearing house?

If you’re a smaller business with under 20 staff members, then you can use the Federal Government’s Small Business Superannuation Clearing House. This is a free service offered to all small businesses in Australia.

If you’re a business with more than 20 employees, most super funds provide access to a clearing house service and will help you set up your account.

There are also a number of private super clearing house service providers.

Did you know?

Large companies can potentially be required to deal with up to 50 or more different superannuation funds every payment cycle – placing huge time and administrative demands on your payroll staff each payroll cycle, especially if staff incomes vary each cycle due to shift loadings, commissions, salary sacrificing etc. The role of the clearing house is to save you time and help prevent administrative error.

Need more information?

Need a Default Fund for your employees? See which Industry SuperFund you can choose

Did you know?
Only these funds carry the Industry SuperFunds symbol

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Industry Super Australia Pty Ltd, 150 Lonsdale Street, Melbourne, VIC 3000, isfenquiries@industrysuper.com
ABN 72 158 563 270 Corporate Authorised Representative No. 426006 of Industry Fund Services Ltd ABN 54 007 016 195 AFSL 232514

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