What does Choice of Super mean for employers?

Choice of Super was introduced on 30 March 2012 to provide employees the freedom to choose their own super fund, and encourage them to take control of what may be their biggest source of retirement savings.

Choice of Super resulted from updates to the State Superannuation Act 2000. Most employees (with some exceptions) can choose another complying super fund to have their employer Superannuation Guarantee (SG) contributions paid to.

This means, as an employer, you might have to pay super contributions to multiple super funds.

Page last updated 18 November 2024