You may be able to reduce your workload with direct debit. Beam will automatically debit the amount owing from your bank account after you have submitted your contribution in your payroll software.
One of the benefits of using Beam is it aims to allow you to quickly and easily select from multiple payment options for different types of super contributions.
Note: The payment options available to you will be determined by your payroll system and will appear in the Beam wizard. You’ll only be able to review payment options and update, add or remove details for direct debit accounts in the Beam Wizard.
You may be able to reduce your workload with direct debit. Beam will automatically debit the amount owing from your bank account after you have submitted your contribution in your payroll software.
You can pay your contributions via EFT through your financial institution, using the account details and payment reference number provided in your payroll software after you have submitted your contribution. You must use the payment details provided and send your payment the same day as submitting the contributions in your payroll software once you’ve submitted your contribution data. Failing to send payment the same day as submitting contributions will result in delays in the nominated superannuation fund(s) receiving the contributions and could result in you failing to meet your employer superannuation obligations.
You can pay your contributions via BPAY® through your financial institution, using the BPAY® biller code and customer reference number provided in your payroll software after you have submitted your contribution. The customer reference number is unique to each contribution you submit. You must use the reference number provided and send your BPAY® payment the same day as submitting the contributions in your payroll software. Failing to send payment the same day as submitting contributions will result in delays in the nominated superannuation fund(s) receiving the contributions and could result in you failing to meet your employer superannuation obligations. If you’re not currently using BPAY® in your business, please check with your financial institution to see if this facility is available to you.
Do you want to pay each fund directly? You can choose to pay each fund using EFT. Beam can distribute your contribution data to each superannuation fund using SuperStream standards and provide you with each fund’s EFT payment details, including the payment reference numbers, so you can pay the fund(s) directly through your financial institution.