Are you and your employees with a top performing fund?
On 17 June 2021, the Australian Government passed new superannuation legislation in Parliament called Your Future, Your Super (YFYS).
This is one of the most significant changes to the way the superannuation system works and has been designed to help protect the retirement savings of working Australians.
The majority of changes became law on 1 July 2021, with the exception of ‘member stapling’ that will be delayed until 1 November 2021.
A snapshot of what it entails
We’re here to help
We have a range of education, guidance and advice available to assist you and your employee either in the workplace or online. Access our education webinars or arrange a general super chat session for your employees.
-
^New employees will need to complete a standard choice form in order for their contributions to be paid to their nominated super fund. Incomplete forms should not be accepted and will need to be returned to the employee for completion. ↩
-
Before deciding if this is right for you consider the PDS on our website. Issued by Aware Super Pty Ltd ABN 11 118 202 672, AFSL 293340. Returns for the Aware Super MySuper - Lifecycle High Growth option (our default investment option for members aged 55 and under from 5 September 2021 ) are ranked number 1, for the 3 (224 options), 5 (215 options) and 10 (118 options) year periods ending 30 June 2021, SuperRatings Fund Crediting Rate Survey (Default Options Index approx. 200 options). Past performance is not a reliable indicator of future performance and should not be the sole factor when considering if Aware Super is right for you. ↩