What does choice of fund mean?
What does choice of fund mean?
Choice of Superannuation Fund allows eligible employees to choose an eligible super fund into which their employer Super Guarantee (SG) contributions are paid. Choice of Fund was introduced to provide employees with the freedom to select their own super fund and encourage them to take control of, what for many will be, their biggest source of retirement savings.
The legislation only applies to those making or receiving SG contributions after 1 July 2005 and does not affect contributions paid before this time, existing super account balances or other super contributions. Choice of Fund applies to your ongoing SG payments only so please give us a call and we can help you roll over your existing super benefits into your Intrust Super.