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.
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
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.
Disclaimer: This content has been prepared on behalf of Mercer Superannuation (Australia) Limited (‘Mercer Super’), ABN 79 004 717 533, Australian Financial Services Licence #235906, the trustee of the Mercer Super Trust ABN 19 905 422 981. Any advice contained in this content is of a general nature only, and does not take into account the personal needs and circumstances of any particular individual. Prior to acting on any information contained in this content, you need to take into account your own financial circumstances. Please consider the Product Disclosure Statement, Product Guide, Insurance Guide, and Financial Services Guide before making a decision about the product, or seek professional advice from a licensed, or appropriately authorised financial adviser if you are unsure of what action to take. 'MERCER' is a registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917. Copyright 2022 Mercer LLC. All rights reserved.