Superannuation: Your money, your choice

When starting a new job your employer may ask you to fill out a super choice form, which tells them where to pay your super.

Now, more than ever, members have more choices as to where their super is paid, which is why it’s important you make sure you know who your employer is paying it to.
 

In this article we explore:

Have a say in your super


Depending on your situation, there are a number of scenarios that may apply. To make it easy for you, we’ve broken them down so you can select the one that’s right for you.

Your employer's default fund is Mercer Super Trust

  • You don't yet have a Mercer Super Trust account

    Your employer uses Mercer Super Trust as their default fund and you don’t yet have a Mercer Super Trust account

    By filling out, signing and returning the super choice form to your employer you can join our approximately 200,000 other members and have your super paid to your new account.

    Please ensure when filling out the superannuation choice form that you select the correct plan name and Unique Superannuation Identifier from the list. If you’re unsure which plan is yours, please check with your employer.

  • You do have a Mercer Super Trust account

    Your employer uses Mercer Super Trust as their default fund and you already hold a Mercer Super Trust account

    If you already hold a Mercer Super Trust account, and your new employer uses Mercer Super Trust as their default super fund, you can fill out and sign our super choice form then return it to your employer.

    We’ll create a new account for you under your new employer’s plan, allowing you to enjoy all the benefits offered to their employees. 

    Please ensure when filling out the superannuation choice form that you select the correct plan name and Unique Superannuation Identifier from the list. If you’re unsure which plan is yours, please check with your employer.

    You may also want to consider consolidating your old Mercer Super Trust account into your new account to ensure that all of your funds are reaping the benefits offered by your new employer. For further information on the consolidation process, please see our consolidation webpage.

    If you’d prefer to keep your current Mercer Super Trust account and have your new employer pay your super into that, please fill out the ATO's superannuation standard choice form and return it to your employer.

    Please note that by keeping your original account, you will not be able to take advantage of any benefits offered to your employer plan.

Your employer's default fund is another super provider


Leaving the decision to the ATO


If you don’t fill out a super choice form, your new employer will likely need to check with the ATO to see if you have any other currently active super accounts that it can be paid into. If you only hold a Mercer Super Trust account, the ATO would automatically tell your employer to pay your super to that account. However, if you hold more than one super account, the ATO will determine which account your employer should pay your super to.

If you do not already hold an active super account, the ATO will direct your employer to pay your super to their default fund.

Why Mercer Super?


Find out what sets us apart and the benefits you could enjoy if you join or stay with Mercer Super.

Find out more

Read next:

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Understanding superannuation contributions and taxes

By adding a little bit extra to your super, you could enjoy more retirement savings and several tax benefits.

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Consolidating your super

Consolidating your super into one Mercer Super Trust account is easy and may benefit you financially, but there are some factors to weigh up.

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Nominating your superannuation beneficiary

By nominating a beneficiary you can let us know who you’d like your super to go if you pass away.

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Issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533, Australian Financial Services Licence #235906, the trustee of Mercer Super Trust ABN 19 905 422 981 (‘Mercer Super’).

Any advice provided is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any advice we recommend you obtain your own financial advice and consider the Product Disclosure Statement and Financial Services Guide available at mercersuper.com.au. The product’s Target Market Determination setting out the class of people for whom the product may be suitable can be found at mercersuper.com.au/tmd.

‘MERCER’ and 'Mercer SmartPath®' are Australian registered trademarks of Mercer (Australia) Pty Ltd ABN 32 005 315 917.