If your company is making payments into many different super funds every payment cycle, then the administration load can wind up being huge. This is especially the case if you employ casual staff and their income varies each cycle. We can help you access a service that can bring greater efficiency into the process, as well as minimise possible error – that’s the value of a clearing house.
Through Vision Super, in partnership with Westpac, you have access to the services of a super clearing house whereby the required payments to all of your staff’s super funds are distributed for you.
To set this up, you’ll need to plug in your employees’ super fund preferences for the first time. Then, each payroll cycle you simply log in and make one electronic transfer. The correct payments will be calculated and distributed via two direct debits. It’s easy, secure and efficient.
The clearing house service is a financial product provided by Westpac Banking Corporation ABN 33 007 457 141, AFS Licence Number: 233714 (‘Westpac’) through its QuickSuper platform and is designed to assist Vision Super’s participating employers meet their obligations under the superannuation choice framework. Westpac is Vision Super’s chosen payment partner. You should consider Westpac’s Product Disclosure Statement for this product or on request by calling our Employer Hotline on 1300 304 947 before making a decision to acquire this service
You might find the answer to your question in the FAQ below. If you don’t find it there, call our Employer Hotline on 1300 304 947 to talk to us about how the clearing house works, and how to set it up.
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