Self Onboardment - Superannuation choice options
Superannuation form
Deputy's Self onboarding module requires all 5 forms to be completed and confirmed before submission. The Superannuation form has been designed to cater to all various types of superannuation choice options.
Superfund choice options
Each employee will have the choice to select one of 3 payment options. Employer nominated default fund (in our example will be SunSuper), employee nominated super fund or self-managed super fund.
Employee nominated and SMSF options are straight forward to complete. The employee nominated option will require Fullname, TFN, Super Fund name/USI and Superfund member number.
For self-managed super funds, the employee would download and complete the relevant form. Once it has been returned an authorised person with Xero access would associate the SMSF details with the relevant employee.
If an employee doesn't have their own Superannuation fund or would like to utilise the employer's default fund this can be set up during onboardment. This default fund is prefilled before sending out the invite and once set should only change once your organisation changes its default nominated fund.
In this example, we are using Sunsuper Superannuation Fund as our default fund:
- Employee completes the onboarding tool and would select 'Superfund nominated by the employer' and complete the remaining personal details.
Once the employee submits all information and details are synced into Xero Onboarding Guide, you should receive the notification of the default super fund option being selected.
3. An authorised person in Xero can then add the default super fund. In this example with Sunsuper you enter the employees' member number as nine nines (999999999). Sunsuper will create a new account automatically when super contributions are paid.
4. You will then need to update the employee number in Xero once the account is created for all future superannuation payments.
Alternatively, you can create a new account for your new staff member which normally is via an online employer portal and then enter the new employee number.