Make sure you meet all your SMSF obligations before lodging your fund’s annual return. Create and Protect Financial Planning group helps you set realistic lifestyle
- August 24, 2015
If your SMSF will receive contributions from employers (other than related-party employers), it needs to be able to receive the contributions and associated SuperStream data electronically.
SuperStream is a data and payment standard that applies to super contributions made by employers to any super fund, including SMSFs.
To receive SuperStream data you need an electronic service address, which is a special internet address. It’s different to an email address.
Your administrator may provide you with an electronic service address or you can use a SuperStream message solution provider.
An employer will need the following information about your SMSF:
- bank account details (BSB and account number)
- electronic service address.
- Prepare an exit strategy
*reprint from the Australian Taxation Office