Superannuation Clearing House for NFPs
Wednesday, 15th June 2011 at 12:51 pm
The Federal Government is offering a free superannuation clearing house service for small Not for Profit organisations.
Available to any NFP organisation with fewer than 20 employees, the Office for the Not for Profit sector says the clearing house aims to make paying super easier, cutting through red tape and saving time and paperwork.
According to the Office, 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.
For more information and to register go to www.medicareaustralia.gov.au/super