Many employees have the option to choose into which super fund their employer pays their superannuation guarantee contributions. In most cases you can take your AMG Super account with you when you start a new job. All you have to do is let your employer know you want your super paid into your AMG Super account.
Who is not eligible to choose a super fund?
You may not be eligible under the superannuation guarantee to choose a super fund if:
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your employer pays superannuation for you under a state award or industrial agreement or under certain workplace agreements, including an Australian Workplace Agreement (AWA) and collective agreements (although choice can also be provided under these awards or agreements); or
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you are in a particular type of defined benefit fund or you've already reached a certain level in a defined benefit fund.
Who is eligible to choose a super fund?
You can generally choose your super fund if you are:
- employed under a federal award;
- employed under a former state award, now known as a ‘notional agreement preserving state award’;
- employed under another award or agreement that doesn’t require superannuation support; or
- not employed under any state award or industrial agreement (including contractors paid principally for their labour).
How to Choose AMG Super
If you are eligible to choose your own super fund, your employer has an obligation to provide you with a Standard Choice Form within 28 days from the day you start working for them.
If your employer is not using AMG Super as the default fund, you will need to nominate AMG Super in Part B of the form.
To make things easier you can also simply complete the AMG Standard Choice Form with your details, sign it and give it to your employer.
More Information
For more information please refer to the Australian Taxation Office (ATO) website. Click here to visit their site.
Important Note
The information provided here should not form the basis for any action that you take. It is important to first discuss your specific circumstances with your financial adviser.