Update your financial details – Employee Portal

Where can I update my bank and other financial details?

When your circumstances change, you can quickly and easily update your financial details on hand from your Employee App or Portal.

Details that can be updated from the Financial Details page include:

Updating your primary bank account and adding additional accounts to split your pay.
Superannuation, including Super Salary Sacrifice.
Paying additional tax.
A list of all your current and historical deductions.

If you are looking for information on how to update your ATO/ TFN declaration details, please refer to our article on Edit your ATO Documents.

Locate your financial details

When managing your financial details, it’s really important to ensure that everything is in order so that you get paid correctly and on time.

Staying organised with your finances can make a huge difference, giving you peace of mind and helping you avoid any hiccups when receiving your pay.

To update your financial details:

Navigate to the main menu, then select View Profile.
Select Financial Details.
From the Financial Details page, you can update a range of details. We will look at each of them in the sections below.

Note: When updating any confidential details from your profile, as part of ATO requirements, you will be required to verify your identity using a verification code. If the verification code is not entered within 5 minutes, it will expire, and a new code will be required to be sent.

Bank accounts

You can easily edit your existing account details whenever necessary or add any additional accounts to split your financial activities effectively.

To edit your primary bank account for your pay:

Enter the new Account Name, BSB and Account Number.
Scroll to the bottom and select Update.

Additional accounts can be added so that your pay can automatically be split into multiple accounts. This may be beneficial if you want to split your pay between savings and your everyday account or budget for fortnightly pay.

To add additional bank accounts:

Select + Add the primary bank account details right below. Enter the details of your secondary bank account (Account Name, BSB and Account Number).
In the Account Amount column, select either:
- A specific amount ($) - The total amount to be sent to your additional account.
- A percentage (%) - The percentage of your pay to be sent to your additional account.

Note: The funds in your additional account will be taken first, and any remaining pay will be sent to your primary account.

For example, if your pay is $200, and you have set up an additional account to receive $75.

This means $75 will be paid to your additional account, and the remaining $125 will be paid to your primary account.

Additional tax

You also have the ability to pay additional tax each pay period.

This could be for personal reasons such as 'forced' savings at tax time or due to an external payment to prevent having a tax bill.

Note: All amounts are reported to the tax office, and your bill/refund will be determined by the Australian Tax Office (ATO).

Superannuation

Sometimes, you may need to update your Superannuation account details. This could be because of switching funds or changes with your provider, such as a merger or a USI update.

If this is the case you'll have several options to choose from when updating your superannuation details.

Employer's Default Fund

If you would like to join a new super fund you can optionally choose to select whoever your employer's default super fund is.

Select 'Default Fund'. The application and details will be taken care of for you automatically.
Scroll to the bottom and select Update to save.

Existing Super Fund

Select 'Use my own fund' and then 'Existing fund'.
Use the Super Fund field and type in your existing fund; this will filter your list.
Enter your membership number.
Scroll to the bottom and select Update to save.

Self Managed Super Fund (SMSF)

Select 'Use my own fund' and then 'SMSF'.
Enter your Electronic Service Address, ABN, Account Name, Account Number, and BSB.
Scroll to the bottom and select Update to save.

Superannuation contributions

If you wish to grow your retirement savings, you can contribute additional funds to your superannuation scheme through superannuation contributions. This can be a beneficial choice for those looking to improve their financial security during retirement.

For further reading on Superannuation Contributions, please refer to this article from ATO.

There are 2 options available:

Salary sacrifice - This is taken out of your gross (pre-tax) pay and can be either a dollar value ($) or a percentage (%)amount.
Additional personal contributions - These are taken out of your net (post-tax) pay and are dollar-value ($) amounts.

To make use of salary sacrifice (pre-tax) contributions:

Select either a dollar value ($) or percentage (%) and enter in the amount that will be salary sacrificed each pay.
Scroll to the bottom and select Update to save.

salary sacrifice.png

To make use of Employee Personal Super (post-tax) contributions:

Select the dollar amount ($) that you would like to contribute to your superannuation per pay period.
Scroll to the bottom and select Update to save.

employee contribution.png

Deductions

If your employer has assigned you a deduction, you'll be able to see this at the bottom of this menu.

From this menu, you will be able to see:

Deduction - The name of the deduction.
Method - What type of deduction it is, this can either be:
- One-off - Deduction that occurs once.
- Instalments - An ongoing deduction that ends once a repayment amount is reached.
- Recurring - An ongoing deduction without an end.
Start - Date the deduction starts.
End - How many pay periods until the deduction ends.
Per pay - Amount to be deducted per pay period.
Total - The total amount to be repaid.

Contact: If you have any questions about your pay or deductions, please speak with your manager, as deductions are 'view only' from this menu.

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