It’s your money 2What is superannuation (super)? Super is extra money paid by your employer, on top of your wages, for you to access in the future. A super fund invests this money for you. When you start your first job, you can select a super fund, or rely on your boss using the ATO to select your 'stapled fund', or use their default fund if you don't have an account set up. When you change jobs, the fund is ‘stapled’ to you by the ATO, using your tax file number. This means your new boss can start paying super into the same account unless you ask them to pay your super to a different fund. When am I eligible for super? Almost every working Australian over 18 has to be paid super. If you are under 18, you'll need to be working over 30 hours in a week. A super fund for students Check out studentsuper.com.au - it’s a super fund specifically built for students. Student Super has zero admin fees for members with balances under $1,000. It also has zero fees for zero balances - which means you can open an account before you start a new job. Once you’re a member, you have access to the pre-filled super choice form to hand to your boss! studentsuper.com.au Super... See the Fees & discounts page and PDS for details.
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