When you start a new job, your employer should provide you with the Australian Taxation Office’s (ATO) Superannuation Standard Choice form (or equivalent) within 28 days of your start date. You can use this form to advise your employer of your choice of super fund. Your employer must then make superannuation contributions into the super fund you’ve chosen.
If you don’t choose a fund, your employer will make super contributions into the fund you are stapled to. If this is your first job, your employer will make contributions into the default fund they’ve chosen for you.
This may mean an additional super account for you, with additional fees, or, even worse, if your employer doesn't choose an Industry SuperFund you could end up with less super in retirement.*
Staying with your Industry SuperFund is easy.
Your question will be sent directly to the fund you select
Your question will be sent directly to the fund you select
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