Add a self-managed superannuation fund (SMSF)

Lumary WFM - This article explains how to add a self managed superannuation fund to Lumary Payroll. 

Self-Managed Superannuation Funds are private funds that are managed by their members or member's representatives. Because Self-Managed Super Fund details are not included in public fund databases, they must be entered manually in to payroll systems. 

Required packages and permissions

Available with: Lumary WFM (Payroll)

Supported in: Lumary DC

Permission: Role (System administrator) or Payroll Admin

This article assumes that you have already created a new payee record or have access to existing pay payee record. If you have not completed those steps, head over to create a payee record. 

Add a self-managed superfund to Lumary payroll:

You'll need to create a new superannuation fund with the payees's self managed fund name and details. You'll then add the fund as the payee's primary or additional superannuation withholding record. 

How to add a self-managed superfund

1. Navigate to Superannuation Funds.
2. Click New.
3. Fill in the following key information including:

Field	How it works
Information
*Fund Name	This is the name of the fund
*Status	For you to be able to select the fund and add it to a payee the fund has to be active
Employer ID	Optional and it may not appear in your org.  This ID may be used when multiple contributing entities are associated with the same superannuation fund.
Self Managed Fund Details
*Fund ABN	The Australian business number for the superfund.
*Fund Account Name	The bank account name for the superannuation fund.
*Fund Electric Service Address	This is the electronic service address of the self managed superannuation fund.
*Fund Branch Code	The branch code for the bank account of the self managed superannuation fund.
*Fund Account Number	The bank account number for the self managed superannuation fund.
Fund Contact Details
*Fund Street	Street name of the registered address
*Fund State	The state of the registered address
*Fund Post Code	The postcode for the registered address
*Fund City	The city for the registered address
*Fund Country	The country of the registered address.
Fund Phone	A relevant phone number
Fund Email	A relevant email address

Add a self-managed superfund withholdings to a payee record 

Once you have added the details on the form above, follow the steps in the article add a worker's superannuation information.  To add a self managed super fund to a payee record in the Superannuation Fund Details section of the New Payee Withholding : AU Super  pop up form, you must: 

1. Search and add the self managed superannuation fund you created for the payee and 
2. Select self managed in the superannuation fund nomination drop down under the fund details 

and