PayEasy Clearing House Service
What’s a clearing house?
A clearing house allows employers to send their employee superannuation contributions to multiple superannuation funds in one hassle-free payment. Employers submit an electronic transfer of funds and data to the clearing house which then distributes the information and payments to the various funds chosen by employees, including TOWER Master Fund, the default fund.
PayEasy
PayEasy is TOWER Master Fund’s clearing house solution. PayEasy has many advantages:
- it’s easy to use
- employers only submit one payment which is distributed to all the funds employees have nominated
- an efficient way to advise TOWER about new members and member terminations as it eliminates paperwork and forms handling
- saves postage and cheque costs of paying multiple funds
- a high level of security with handy validation alerts
- online access to view contribution data, member information and payment details
PayEasy can save you considerable time in administering superannuation, and also means members get faster service.
Who can use PayEasy?
PayEasy is available free of charge* to employers who are participating in TOWER superannuation products, subject to certain criteria. In general, to be eligible you must:
- Have more than 50% of your employees as members of a TOWER corporate superannuation product
- Have more than 20 employees
We may waive these guidelines in certain cases.
How do I apply?
For more information and to register for PayEasy, please contact us on 1800 812 922 Monday to Friday 8:30am - 5:30pm (EST).
Employers who currently use PayEasy
If you're currently using PayEasy, please login here
*TOWER reserves the right to introduce a fee for employers who use PayEasy, subject to providing 30 days notice.
PayEasy is a Clearing House Facility provided by SuperChoice Services Pty Limited (ACN 109 509 739), Authorised Representative (Number 336522) of PayClear Services Pty Limited (ACN 124 852 320) holder of Australian Financial Services Licence Number 314357.
PayEasy is governed by a Product Disclosure Statement (PDS) which can be obtained by calling us on 1800 101 014.
Please consider the information included in the PDS before deciding to use PayEasy.
