Super Soccatoos

It is now much easier for small business owners to pay their employees’ superannuation because of the Small Business Superannuation Clearing House, which is run by Medicare Australia in 2010–11.

In the past, the proliferation of funds, all needing separate forms and processes, meant it was a time consuming and complicated activity.

‘Paying employees’ superannuation used to be terribly tedious, taking a good part of your day,’ says small business owner Brett McGrath.

But he now uses the Clearing House to overcome the challenges of paying superannuation into numerous super funds for his employees.

Brett owns Soccatoos, a non-competitive soccer activity and development program for pre-schoolers based in Sydney.

The Clearing House allows Brett to spend more time on his business and less time on completing administrative tasks to meet super obligations.

Brett says what used to take him the best part of the day, now only takes 10 minutes by simply entering the amount of superannuation to be paid to each employee.

‘The Clearing House makes it easier to pay your employees’ superannuation than it is to pay their wages. And because you’re not mailing forms and cheques, contributions are invested sooner for your employees.’

Brett recommends other small businesses visit the Department of Human Services website and see what the service can do for them.