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Super Choice

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Super Choice is a new legislation, effective 1 July 2005, designed to provide your employees with:

  • Greater choice – they can choose where their super guarantee contributions are paid
  • Greater flexibility – they can still keep their super together in one fund, even if they change jobs

What does it mean for employees?


As an employer, it is up to you to choose a default fund for employee contributions, where employees have not selected a fund. When selecting a default fund, you should consider whether the fund has:
  • A good range of investment options
  • Reasonable fees
  • The minimum insurance coverage as per government's criteria
  • Comprehensive member education services
  • Efficient administrative options for you and your employees
  • Member benefits such as financial planning services

    Next steps


    Find out about suitable superannuation products
  • BT Business Super
  • BT Lifetime Super Employer Plan

Useful Super Choice information


For more information about Super Choice read the answers to frequently asked questions.

 

 

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General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

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