Clearing house¶

Definition. A clearing house is a service that takes one super payment from an employer and splits and forwards it to each employee's super fund.

In plain English¶

Instead of paying every super fund separately, an employer can send one payment and one set of details to a clearing house. As the ATO explains, the clearing house then divides the money up and passes it on to each employee's fund. This makes paying super for a group of workers much simpler.

Related lessons¶

• Super clearing houses

General information only — not tax, super or financial advice.