Taking your super with you when you start a new job is as important as providing your bank details for your pay. It’s easy and means you benefit from having all your super in one place.
Key points:
- If you’re starting a new job, staying with Aware Super is easy with a pre-filled Choose Aware Super form.
- The money you’ve accumulated in your Aware Super account won’t grow as quickly if contributions stop.
- Having many super accounts means more fees. You may also be paying more for insurance through super or for more than one of the same policy - such as life insurance.
What happens if you don't take your super with you?
Your employer must check with the Australian Taxation Office (ATO) to see if you have an account.
They'll do this if you haven't told them where you would like your employer contributions paid.
If they can’t find an open super account, they’ll open one for you with a default fund that’s chosen by the ATO, an account you might not want or need.
On the other hand, you may have more than one super account. Your super will be paid into the account provided to your employer through the ATO's online system.
If you think you may have more than one account, we can help you find and consolidate your super accounts so you can make sure your super goes to the right place.
How you can make the most of your super
Your super is your money. You might not be able to withdraw your money until you retire, but you can take active steps now to look after it.
Although, there are some circumstances where you may be able to withdraw your super early.
Where to next?
Simple advice at no extra cost
Take advantage of simple financial advice over the phone or virtually. Our super advisers can help with questions about your Aware Super account.
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Join our experts as they break down super and finances into easy-to-understand topics.
Are you on track to reach your super goals?
Our super retirement calculator can help you work it out.