Employers are required to make super guarantee contributions on behalf of their employees. Under SuperStream, employers can now make these contributions electronically. With multiple superannuation funds to contribute to, it can be a lengthy task for employers to report the super guarantee and make the individual payments.
With SuperStream, employers are able to lodge all employees super guarantee online. Instead of reporting and paying several super funds, SuperStream provides one payment amount for the combined contributions with easy payment options.
For more information on SuperStream, please refer to the ATO website or contact Ellco Group to get your super guarantee sorted.