Choice of fund

Your super is your choice

Under federal government ‘Choice of Fund’ legislation, many Australian workers are able to choose the fund that their superannuation contributions are paid into. The legislation applies to Superannuation Guarantee (SG) contributions made by employers on behalf of their employees.

Choice for employers

As an employer, you are required to offer choice to eligible employees and to nominate an ‘employer’ fund for employees who do not specify a fund.

Any choice made by an eligible employee will need to be accompanied by the following information:

• A completed Standard Choice Form. On this form the employee can select to adopt the fund chosen by you, or select their own fund.
• A complying fund letter from the fund they have chosen.
• A completed fund member application form. You can access GuildSuper's Product Disclosure Statement which includes an application form.

Once received, you will need to file the Standard Choice Form and submit the fund application and complying fund letter to the fund to which your employee is applying.

There are many reasons to choose GuildSuper as your employer fund, including:

• Support from your Guild Financial Services Consultant. Find a Consultant in your area.
• Time savings by making and tracking employer contributions online. Find out about Online Access.
• If you’re unsure which award you are covered by, and whether you should offer choice, call your professional association, or visit www.workchoices.gov.au