PAY SUPERANNUATION - Invalid ABN for SMSF
Hi There,
So I have a employee with a SMSF which I have been paying to without issue for sometime.
Recently they have change bank account details - I was unable to edit the exisiting SMSF 'Details' so I duplicated it with the new account details.
The New updated SMSF will not process - When I try to record the payments in MYOB i get the red cross with the error message -
The ABN is Invalid. Payments cannot be made to this fund.
The ABN is correct and the same as the previous the only detail that changed was the bank account details.
Can anyone help me with this please.
Hi ntoumba
As discussed with you through private messages, the ABN for this fund is invalid as the fund's status is "Regulation Details Removed" on ATO fund lookup website and the status needs to be"Active" for us to process the payments associated with that fund. Therefore, this requires the fund to contact ATO and get the status changed.
Feel free to post should you have other queries.