Choice of Fund
- What is Choice of Fund?
- Am I eligible
- How do I nominate Club Plus Super as my fund?
- What are the benefits of Choice of Fund?
- I need further assistance
Most Australian employees are able to choose which fund their employer's Superannuation Guarantee (SG) contributions are paid into.
You do not have to choose your own superannuation fund. If you don't, your superannuation contributions will be paid into a fund chosen by your employer (known as the default fund).
Choosing the right fund could make thousands of dollars difference to your lifestyle in retirement. If you’d like your employer to pay future Super Guarantee contributions into Club Plus Super on your behalf, read on.
Most employees are generally eligible to choose a super fund if they are:
- Covered by a Federal award;
- Not covered by any award or registered agreement; or
- Covered by a Notional Agreement Preserving a State Award (NAPSA) where your employer is a constitutional corporation.
Simply download and complete a Choice of Fund form and provide it to your employer with a Letter of Compliance which states Club Plus Super is a complying superannuation fund and provides information about how your employer can make contributions to Club Plus Super on your behalf.
Choice of Fund was introduced to provide employees with the freedom to select their own superannuation fund. One of the benefits of this is your ability to keep your super with Club Plus Super after leaving your current employer.
You may also have several super fund memberships that you want to combine. Having your super all in one fund could make it easier to manage and save you paying multiple administration fees. Make sure you find out if there is any insurance cover and whether exit fees are applicable from your other funds before proceeding.
If you need assistance, visit the ATO website or call our Member Hotline on
1800 680 627, 8am - 6pm, Monday to Friday AEST and we’ll be happy to help. Alternatively click here to submit an enquiry.
Club Plus SPIN (Superannuation Product Identification Number) – CLB0100AU
Club Plus ABN (Australian Business Number) Fund 95 275 115 088
Club Plus ABN (Australian Business Number) Trustee 26 003 217 990