Choice of Clearing House

Ive just started delving into this today. My confusion is when it comes to choosing a new clearing house. A lot of the info states that its a free service IF I choose that particular company as my defualt Super fund. We are a small company with 4 employees all who have their Super with different funds.

How do I manage this and move forward?

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Kris_Williams

it’s the same as the ATO clearing house, the default fund means that if you have to setup a super fund for an employee who hasn’t got one you will use the default one

Rav

Hi @Lyn_10072495

My general understanding is that if you go with a chosen clearing house and set them as your default super fund, then that can be a potential option for new employees you take on board who don't have their own super fund.

I believe there is no obligation or requirement for an employee with an existing super fund to switch over to that default fund.

Lyn_10072495

Thanks Kris. That makes sense. 😊

Lyn_10072495

Thanks Rav. I understand now. 😊

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