Step 1: Login to your payroll and select ‘Beam Registration’
Step 2: Click through to step 3 in the wizard, ‘Default fund’
Step 3: Search for your preferred super fund name and click next
For instance, to choose Australian Retirement Trust simply type ‘Australian Retirement Trust’ into the search field and click next. The option of adding more default fund is available (if required).
To remove a default fund, simply click on the ‘X’ button.
Adding or removing a default super fund will not affect your existing employees’ super arrangements. Selecting a new default super fund in Beam means you nominate the new chosen super fund to make Superannuation Guarantee (SG) payments on behalf of employees who haven’t chosen their own fund (or don’t have an existing stapled fund).
Step 4: Accept the terms and conditions
Step 5: Don’t Forget to Inform New Employees
Once you’ve decided to change your default super fund, make sure you advise your employees of your new default super fund and provide them with a Superannuation standard choice form within 28 days. Find out more at ato.gov.au