Employers

Here’s what you need to know about paying your employees’ super.

The easiest way to manage your employees' super is by clearing house. Using a clearing house ensures your payments are SuperStream compliant, and makes them easier to track.

You might already have access to a clearing house through your accounting software. If not, the ATO's Small Business Superannuation Clearing House is free for small businesses with less than 20 employees.

Our clearing house details

Fund name Future Super or Future Super Fund
ABN 45 960 194 277
USI 45 960 194 277 010
SPIN We do not have a SPIN number. Use our USI instead.

Related documents and forms

You might be wondering...

What is a clearing house?

A superannuation clearing house is an electronic gateway that allows you to make all your super contributions for all your employees in one single payment. Using a clearing house is a SuperStream compliant way to pay super contributions.

The ATO’s SuperStream certified product register contains a list of commercial clearing houses available.

Alternatively, if you have 19 or fewer employees, or a turnover of less than $10 million a year, you can use the free Small Business Superannuation Clearing House (SBSCH).

Source: Australian Taxation Office, YouTube

Read more about how to access the Small Business Super Clearing House (SBSCH) Service on the ATO website here.

Please check out our Employers page to access our clearing house details.

Can I see what employee contributions I made on your website?

No. Please email our Member Advocacy team at info@futuresuper.com.au if you require further information about the payments you have made.

Can I pay multiple employees’ super contributions in one payment?

Yes, however this varies depending on how you make your payment.

If you make the payment via BPAY, we will require all the correct remittance information to be submitted electronically in order to be able to correctly allocate the funds to each person. If you are paying the contributions directly to us, please submit one Notice of Payment form for each employee.

If you are paying via a clearing house, you just need to send the contribution information for all your employees together with your electronic payment to the clearing house, and the clearing house does the rest.

Can I pay employees’ super contributions by cheque?

We do not accept contributions via cheque as these are not SuperStream compliant. Please contact us if you are having difficulties making a payment on behalf of your employee.

Can I sign my employees up to Future Super?

No. Future Super is a choice fund. Every member must choose to join the fund.

Can I make employer contributions outside of a clearinghouse?

In the event that you can't make a payment to your employee through a clearinghouse, you can submit an employer contribution using direct deposit and our payment confirmation form. Follow these steps:

  1. Contact us at info@futuresuper.com.au and request our direct deposit bank details to make your employer contribution to.
  2. Fill in our Notice of Payment form with the details of the contribution.
  3. Make a payment of the same amount as on the form to the account provided. Please also ensure the same payment reference is used.
How much super do I need to pay?

Generally, Australian employers are required by Government legislation to make superannuation contributions for employees who are paid $450 or more before tax in a calendar month.  It doesn’t matter whether the employee is full time, part time or casual, or if they are a temporary resident of Australia.

The minimum you must pay is called the Super Guarantee (SG) and this is currently 9.5% of the employee’s wages.

You can read more about how much super you need to pay on the ATO website here.

How do I pay super contributions?

There are some rules around how employers must pay super:

  • Super Guarantee (SG) contributions must be paid at least four times a year, by the quarterly due dates.
  • Contributions must be paid and reported electronically in a standard format, ensuring you meet SuperStream requirements.
  • Super payments must go to a complying super fund and most employees can choose their own fund.
  • There may be penalties for late super guarantee contribution payments or if no super contribution payments are made when they are legally owed to employees.

You can read more about paying super and your obligations as an employer on the ATO’s website here.

Our preferred method of payment is via a clearing house as this is the most SuperStream compliant method and ensures we have all the information required to allocate member contributions correctly.

A clearing house can also make paying super much easier as it allows you to make contributions for multiple employees and across various super funds in one payment.

If you use a payroll software, you may wish to ask your system provider if it is SuperStream compliant. Some payroll systems cover both information and payments, but some cover information only and you may need to pay super contributions to each super fund separately. Even if you are already paying super contributions by EFT or BPAY, you may not be reporting your SuperStream data electronically in a standard format.

You can use the ATO’s SuperStream certified product register to check if your payroll software is compliant or find another SuperStream compliant solution.

The ATO also has a handy Step-by-Step Guide for ensuring you are paying super contributions compliantly.

What is SuperStream?

SuperStream is an electronic gateway which streamlines the way employers make super contributions for their employees. All employers should be paying super contributions in a SuperStream compliant way.

The only exceptions for non-compliance are:

  • Self-employed people or sole traders paying their own super contributions.
  • If the employer is a director or employee of their own incorporated business and the business pays super to their Self-Managed Superannuation Fund (SMSF). However, super contributions to any super fund other than the director or employee’s own SMSF and for all other employees do need to be SuperStream compliant.

To be SuperStream compliant, contributions and identifying data must be sent electronically. The money and information are transferred between the employers, superannuation funds, service providers and the Australian Taxation Office (ATO).

The ATO has a handy Step-by-Step Guide for ensuring you are paying super contributions in a SuperStream compliant way.

Source: Australian Taxation Office, YouTube

What information do I need to pay employer contributions via a clearing house?

To set up contribution payments for a Future Super member in a clearing house, you will just need the following:

Fund name: Future Super or Future Super Fund

ABN: 45 960 194 277

USI: 45 960 194 277 010

Member number (request this from the employee)

The below video tutorial demonstrates how to set up a payment instruction from the Small Business Superannuation Clearing House (SBSCH).

Source: Services Australia, YouTube

Oops! I've overpaid employer contributions. How can I request a refund?

If you have made an error and require a refund for overpaid contributions, we will require a valid hardcopy statutory declaration containing:

  • The member’s name and member number
  • Details of the original payment, including contribution type
  • Brief explanation of the error
  • The amount to be refunded
  • The bank details for refund payment

Please post your completed statutory declaration to:

Future Super
PO Box 1282
Albury NSW 2640

Please note that we cannot refund these payments without receiving a valid statutory declaration.

Common issues when paying by clearing house

Where do I find all the payment information?

You can find our fund information on our website here.

You can request the member number from your employee. You can also request they complete a Standard Choice Form.

Why would my contributions be returned?

If you have had a contribution amount returned to you, it’s possible that some of the fund or member information was incorrect. It may also be due to the member account being inactive.

You may wish to check the fund and member details you have are correct. If all the details are correct, you can reach out to our helpful team on 1300 658 422 or email us at info@futuresuper.com.au.

Small Business Superannuation Clearing House (SBSCH) Troubleshooting

If you experience an issue within the SBSCH, you can find a list of troubleshooting resolutions here.

Join Future Super

^ By providing your email address, you consent and authorise us to send you communications or information, including information required by law, via email or similar technologies. Your details will never be passed onto a third party other than in accordance with our Privacy Policy. You can elect to receive communications by post at any time by contacting Future Super on 1300 658 422 or via email at info@myfuturesuper.com.au or in writing at GPO Box 1858, Sydney, NSW 2001.