Choosing A Super Fund
Most people can choose the super fund they want their employer contributions paid into. You may also be able to choose how your savings are invested. Some fund investment strategies offer higher returns with higher risks, while others offer greater security for your money but with lower returns. The YourSuper comparison toolwill help you compare My...
Types of Funds
There are 5 basic types of funds. 1. Industry funds 1.1. sometimes open to everyone 1.2. you can join if you work in a particular industry or under a particular industrial award and your employer signs up with the fund. 2. Retail funds 2.1. run by financial institutions 2.2. open to everyone. 3. Public sector funds 3.1. generally open to Commonweal...
How A Stapled Super Fund Is Selected
The stapled super fund selection will be based on information we hold about your super funds. If you have one existing eligible super account, this will be notified to your employer as the stapled super fund account for contributions. To be a stapled super fund, the fund must meet a number of requirements. This includes you being a current member o...
What is a superannuation in Australia?
A superannuation is an Australian pension program created by a company to benefit its employees. Funds deposited in a superannuation account will grow through appreciation and contributions until retirement or withdrawal. The term "super" is more commonly used when referring to pension plans available in Australia.
What is a unique superannuation identifier?
A unique superannuation identifier (USI) is the number that is used to identify an individual super fund and individual superannuation products. Think of it as a code that links you to your superannuation account.
What are the top superannuation funds in the world?
Rankings by Total Assets Rank Profile 16. Telstra Super 17. MTAA Superannuation Fund 18. Mine Super 19. Tasplan Superannuation Fund 23 more rows ...
Who regulates super funds in Australia?
It includes super funds regulated by the Australian Taxation Office (ATO) and the Australian Prudential Regulation Authority (APRA) . You can monitor your super with a myGov account linked to ATO online services, it is a fast and simple way to manage your super, you can find out more at www.ato.gov.au/trackyoursuper
Letter of Compliance