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Allocate payments via BPAY through Hnry

Being a freelancer has its benefits with more freedom, more autonomy, and being your own boss.

But then - of course - there are drawbacks.

One of those drawbacks is not having an employer, in most situations, to make Super contributions on your behalf - meaning your Super contributions and saving for your future are completely all up to you. 

That’s why we’re thrilled to announce that Hnry customers can now make allocations via BPAY®!

Hnry is a game-changing tax service for freelancers, sole traders and tradies. Hnry automatically pays and lodges your taxes so you never have to think about tax again.

But not only that - through the Hnry app, sole traders and freelancers can easily manage the rest of their self-employed financial admin, including:

  1. Tracking and following up on invoices
  2. Receiving payments 
  3. Setting up money allocations for each pay through Hnry

And now with the ability to allocate your funds via BPAY Payments, it’s a lot easier to automatically allocate a percentage of your payments though Hnry to your Super account. 

How do I get started?

  1. To allocate funds via BPAY, simply log in to the Hnry app and then navigate to the allocations page in your account. 
  2. From there, just enter a percentage that you’d like to deduct from your income, as well as the details mentioned below and you’re all set! 

What details do I need?

To allocate funds via BPAY, we’ll need you to give us the following information via the Allocation setup page:

  • BPAY Biller Code
  • Your Customer Reference Number (CRN)
  • Payee name
  • Allocation percentage - this is the percentage of your income that will be sent to the Payee every time you get paid
  • Description - for your own purposes

If you have any questions about BPAY or other Hnry Allocations, don’t hesitate to get in touch with the Hnry team!

DISCLAIMER: The information on our website is for general educational purposes only. It doesn't cover all situations and circumstances, and shouldn't be taken as direct tax advice. If you're looking for specific help with your taxes, join Hnry and our team of experts can provide you with assistance tailored to your business needs.

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