What happens to my existing super when I start a new job?

Starting a new job is exciting, but it can also raise questions about your finances, including your superannuation. You might wonder: what happens to my existing super when I switch employers?

The good news is, thanks to Australia’s “stapling” rules introduced in 2021, your super should generally follow you from job to job. This means you won’t have to worry about starting a new account each time you change employers.

Here’s a breakdown of what to expect:

  • Stapled Super: The Australian Taxation Office (ATO) links your super to you, so it becomes your “stapled” account. This ensures your future employer contributions go into the same fund, preventing multiple accounts with extra fees.
  • Your Choice Matters: While stapling is in place, you still have the option to choose which super fund receives your contributions. Your new employer will likely provide a Standard Choice Form within 28 days of your start date. This form allows you to:
    • Select your existing super fund (assuming it accepts new members).
    • Choose a new fund altogether based on factors like investment options and fees.
    • If you don’t make a choice, your employer will:
      • Check with the ATO for your stapled account.
      • If you have a stapled account that accepts contributions, your super will go there.
      • If not, they may use a default fund.
  • Special Cases: There are a few exceptions to stapling. If your existing super fund is industry-specific or tied to your previous employer, it might not accept contributions from your new job. In this case, you’ll need to choose a new fund.

Considering a Change?

Stapling is a great way to avoid multiple accounts, but it’s still wise to assess your current super fund. Here are some factors to consider:

  • Fees and Performance: Compare your existing fund’s fees and investment performance with other options.
  • Investment Options: Does your fund offer investment choices that align with your risk tolerance and retirement goals?
  • Insurance Coverage: Does your super include life or income protection insurance you value?

Taking Action

  • Find Your Stapled Account: Contact the ATO using their online services or by calling to confirm your stapled super fund.
  • Research and Compare: Look into different super funds and compare their features, fees, and performance.
  • Make a Choice: If you decide to switch funds, complete the Standard Choice Form provided by your employer.

By understanding stapling and taking some time to assess your options, you can ensure your super continues to grow smoothly, regardless of your career path.


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