SUPERANNUATION standard choice form | EXPLAINED
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Are you wondering what superannuation
Are you wondering what superannuation details to give to your employer? Understanding how to complete the standard superannuation (Super) choice form (NAT 13080) is important in ensuring you continue to have your super contributions deposited into your existing superfund and avoiding a duplicate superfund being created by your employer, which can be very costly when it come to fees for administration, insurance and investments.
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This form is usually provided by your employer when you start a new job in a few simple steps that should take less than 5 minutes. However, it can normally be provided at any stage of your employment to update your superfund details as required.
By choosing your own superfund and consolidating with a lower cost superfund you could be saving thousands of dollars in fees just like I did when I switched from a retail superfund to a not-for-profit industry superfund.
If you are starting a new job, an employee should be issued with a superannuation (Super) choice form by their Payroll or Human Resource (HR) manager. Make sure you take the time to exercise YOUR choice and not your employers choice.
It is important that all employees make a choice of superannuation fund (superfund), otherwise your employer will simply nominate a default fund on your behalf and that may always be in your best interests.
You can download a copy of the form to change your superfund here: www.ato.gov.au/Forms/Superannuation-%28super%29-st…
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3 سال پیش
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