Can I choose my own super fund with this job?

In Australia, as an employee, you most likely have the right to choose which super fund receives your retirement savings. This applies to most jobs, regardless of awards, agreements, or whether it’s your first time working. Let’s delve into how you can pick your super fund for your new position.

Your Super Fund Selection Power

The law generally allows you to nominate your preferred super fund for your employer to direct your superannuation guarantee (SG) contributions. This applies to:

  • Employees covered by federal awards or similar arrangements (NAPSA)
  • Employees under awards or agreements that don’t mandate super contributions
  • Employees under enterprise agreements made after January 1st, 2021
  • Individuals who aren’t covered by awards or agreements (includes eligible contractors)

There are a few exceptions, such as temporary visa holders or situations involving mergers or acquisitions of super funds.

Making Your Super Choice

When you start a new job, your employer should provide you with a “standard choice form”. This form lets you choose your existing super fund, your employer’s default fund, or a different fund altogether.

What Happens If You Don’t Choose?

If you don’t nominate a fund, here’s what unfolds:

  • From November 1st, 2021 onwards: Your employer will prioritize directing your SG contributions into your existing super fund, often called your “stapled super fund”. This fund follows you across jobs to minimize multiple accounts and fees.
  • Before November 1st, 2021 or if you don’t have a stapled fund: Your employer will pay your contributions into a default MySuper product they have chosen.

Taking Charge of Your Super Future

Having control over your super fund is crucial. Here’s why:

  • Investment options: Different funds offer various investment choices that align with your risk tolerance and long-term goals.
  • Fees and charges: Super funds have fees that affect your overall returns. Comparing fees can help you maximize your savings.
  • Insurance coverage: Some funds provide insurance options like death or disability cover. Consider your needs when choosing a fund.

Resources to Help You Choose

By understanding your super choice rights and taking the time to compare funds, you can ensure your retirement savings are on the right track for your future.


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