APS Payroll Superannuation Clearing House
APS Payroll have simplified for you the need to make payments to multiple Super funds. Employees are able to choose the
Super Fund they wish to contribute to, which is great for the employees but can be a total headache for the employer
having to make individual payments to numerous funds.
Once we set you up you will only need to make one Super Payment for all your employees as we have taken care of the
funds allocation to the various Super Funds utilising our Super Clearing House. APS Payroll’s Super Clearing House eliminates
the need to make multiple payments to various superannuation funds. Instead, APS Payroll will act as an administrator on
your behalf, making regular superannuation contributions and remittances on your behalf using the secure
online facility that is backed by a ASIC approved Product Disclosure Statement.
All the employer needs to do is send one electronic lump sum amount and the system disseminates the money, and the
contribution data to send to the nominated Superannuation Fund of your employees.
The benefits of the APS Payroll Super Clearing House include
• Removes the administration burden of multiple fund payments and reconciliation
• Single payment, regardless of the number of funds being paid – eliminates cheques and postage
• Adheres to the ATO’s SuperStream standards.
• Minimizing downtime on super processing – efficiency & simplicity, no longer do employers have to comply with each super fund’s unique paperwork requirements
• Utilises online facility, allowing employer login and full history of payments and employee details
• Backed by a Product Disclosure Statement, protecting the security of each party
• Real time payment tracking, including the issued and presented dates
• Handles all types of superannuation funds, including Self Managed Super Funds (SMSF’s)
• Reconciliation simplified as the payments fall into one lump sum, equaling the payroll superannuation report.