You’ve worked hard to get to where you are. Naturally, you want a super fund that works as hard as you do. And choosing the right fund now can make a lifetime of difference.
If you’re eligible for Super Choice, you can choose to stay with your employer’s fund or nominate the super fund into which you want your Superannuation Guarantee (SG) contributions paid.
Choosing your super fund
You can request Super Choice by submitting a Standard Choice Form to your employer, (if you’re eligible). Or simply request your choice in writing, as long as you provide your employer with all the required information, at any time.
It's up to your employer how often they allow you to make a choice, but legally they are only required to act on your choice every 12 months.
Your employer must clearly inform you about Super Choice and give you a standard choice form if you are a new employee or within 28 days of you requesting one.
But you don't have to choose right away or at all. If you don't exercise Super Choice (and don't return a standard choice form), your Superannuation Guarantee contributions simply go into the fund your employer has chosen as their employer fund in Part A of the standard choice form.
Put simply, you can choose any complying fund to which your employer is able to make contributions, including your own self-managed fund, if you’re eligible for Super Choice.
However, it is your responsibility to make sure you provide a letter of compliance (also known as complying fund letter) and other details with your Standard Choice Form.
Choice Materials