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5 ways to make paying super easier with Beam

by Beam

|

15/11/2024

Ready to make paying super easier? Here’s 5 tips to lighten your super payments workload with Beam’s integrated supertech.

1. Register to pay super with Beam

Registering with Beam is easy and only takes a few minutes. You can register with Beam in software provider’s payroll platform.

It’s important that you follow these 4 simple steps when registering with Beam.

  1. Check your business details. The details are prefilled from your payroll system, but you should check they’re right.
  2. Select your payment method. Pick one of the payment methods available with your payroll provider: EFT, BPay®, Direct Debit or Direct to Fund. How you pay super is up to you.
  3. Choose your default super fund/s.  If you need to change or update your default fund, you can do so directly with Beam by updating your registration details. Alternatively, if your payroll software provider records your default super fund, they’ll send the updated fund details to the Beam team when you submit your next contribution1.
  4. Accept the terms and conditions. These will depend on the super fund you choose and how you choose to pay super.
Beam's knowledge centre has more information to help you pay super

2. How to pay Self-Managed Super Funds (SMSF) with Beam

You can pay contributions to SMSFs with Beam. You’ll need to set up an SMSF in your payroll platform before you can make contributions to the SMSF. Make sure the correct SMSF’s details, including ABN, Electronic Services Address (ESA) and bank account details, are provided by the employee.

Running into trouble? Learn more about setting up an SMSF with Beam here.

3. Check you’re using the correct payment reference number (PRN)

Once you submit your super contributions, you’ll get a unique PRN. The PRN has 18 digits. If you don’t use the correct PRN, your contributions might not be able to be processed because Beam can’t automatically match the super contribution you submit with the super payment you make.

4. Make the most of your Beam transaction statements

Beam regularly emails transaction statements to confirm that all your superannuation payments for the past month have been submitted with your payroll software provider and has been processed.

These statements are sent on the 7th business day of each month. The information in the transaction statement is from your payroll software, which means you can also see the info within your payroll software reports.

You can continue to access your Beam transaction statement for up to 12 months. You can even keep using the link sent in the original statement email for this time. If you need the statement for longer than 12 months, you can download it.

This is handy because the ATO requires employers to keep records that adequately explain their super transactions for their employees for 5 years from the date of the contribution.

Beam's knowledge centre has more information to help you pay super

5. Managing refunds

Beam send refunds back to your chosen bank account. You’ll be notified of the return and the reason for the return. This happens through your payroll software provider. If you need to update your refund bank account details, you’ll need to contact your payroll software for support.

Let Beam brighten your day and lighten your workload

Learn more about how Beam can lighten your super payments workload

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Important information

®Registered to BPAY Pty Ltd (ABN 69 079 137 518). 

This is general information. It’s not based on the specific objectives, financial situation or needs of your business. So think about those things and read the Product Disclosure Statement before you make any decision about our products. Contact us or your payroll provider for a Product Disclosure Statement (PDS).

Beam is issued by Precision Administration Services Pty Ltd (Precision) (ABN 47 098 977 667, AFSL 246 604). Precision is wholly owned by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228 975), trustee of Australian Retirement Trust (ABN 60 905 115 063).

  1. Before making a decision on a superannuation fund make sure you read the relevant Product Disclosure Statement and Target Market Determination. ↩︎
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