Ah, superannuation (super)…the golden nest egg…
Of course I can’t tell you where to put your super, but you do have to tell your employer where you want them to put it…in certain circumstances.
If you are a new employee who is eligible* to choose your super fund then your employer must provide you with a Standard Choice Form (you can also request one from your employer if you are an eligible employee and wish to change your nominated super fund).
The form itself includes some information that MUST be completed by the employer…and some sections that MUST be completed by the employee…so everyone has a role to play!
As an employee, if you do choose your own fund, please read the fine print clearly and provide ALL of the details and supporting documentation requested – this will save both you and your employer valuable time!
*You are eligible if you are:
- employed under a federal award
- employed under a former state award, now known as a notional agreement preserving state award (NAPSA)
- employed under an award or industrial agreement that does not require super contributions
- not employed under any state award or industrial agreement (including contractors who are regarded as eligible employees for super purposes).
If you’re not sure what, if any, award or industrial agreement covers your employee:
- visit the Fair Work website at fairwork.gov.auExternal Link
- phone the workplace relations department in your state or territory
- check with your employer association.
(*eligibility information is from www.ato.gov.au)
Regards
