Different job, same super

Key learnings covered in this topic

1. What happens to super when you change jobs
2. How to get your employer to pay your super into your CareSuper account
3. Important details to give to your new employer 
    

Changing jobs used to mean a lot of different super accounts, as your new employer would typically direct your super to their default fund.

Luckily, on 1 November 2021, the Government brought in ‘super stapling’ rules which means the Australian Taxation Office (ATO) ‘staples’ existing super accounts to you so they follow you from job-to-job. The aim is to stop people accumulating multiple super accounts throughout their work life and paying extra sets of fees.

The only downside is that the ATO decides your stapled account, so if you’re a member of more than one super fund, they might not link the one you want. To make sure you stay with CareSuper when you change jobs, we suggest you always give your employer our Choice form. 

Scored a new job? Your super fund can join you.

Congratulations! We know it can be taxing with all the paperwork, but it’s worth giving a moment to consider your super – it’s your money, after all. The good news is, it’s still your choice which super fund you want to use. 
So, while you’re progressing your career, let us keep your super growing. As a profit-to-you fund with competitive fees, we're only focused on making decisions that are in your best interests. So, you’ll know your super is in good hands.

Here’s what to do

To get your employer to pay your super into your CareSuper account, simply: 

1.    Complete our Choice form and give it to your employer, or
2.    Give them the details below and tell them CareSuper is your chosen fund. 

Your employer should then start paying your super to your CareSuper account. It’s always good to log in to MemberOnline and check the ‘Account activity’ section to be sure.

What happens if I don’t choose a fund? Someone else will.

If you don’t choose a fund, your employer will need to ask the ATO for your stapled fund, and they will pay your super into that account. If you don’t have a stapled fund, your employer will pay your super to their default (preferred) super fund.

Not a CareSuper member? It’s easy to join.

If you’re not a member but feel like we’re the super fund for you, join us here.

Then complete the Choice form, hand it to your employer, and voilà – they’ll start paying your super into your new CareSuper account!

 

Information correct as at 1 March 2024.