Superannuation - leaving a job without it
#1
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Superannuation - leaving a job without it
If you leave a job quite soon before you've chosen your super fund, is it possible to request the old (private) employer to direct the super contributions into the super fund of your new (state government) employer?
Would a state government super fund accept contributions accrued from a private employer? It seems nonsense to set up a non-government pension in the interim (and pay its annual fees) for under three months' work.
Any advice will save my brain from melting altogether. Thanks.
Would a state government super fund accept contributions accrued from a private employer? It seems nonsense to set up a non-government pension in the interim (and pay its annual fees) for under three months' work.
Any advice will save my brain from melting altogether. Thanks.
#2
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Joined: Apr 2009
Posts: 1,054
Re: Superannuation - leaving a job without it
If you leave a job quite soon before you've chosen your super fund, is it possible to request the old (private) employer to direct the super contributions into the super fund of your new (state government) employer?
Would a state government super fund accept contributions accrued from a private employer? It seems nonsense to set up a non-government pension in the interim (and pay its annual fees) for under three months' work.
Any advice will save my brain from melting altogether. Thanks.
Would a state government super fund accept contributions accrued from a private employer? It seems nonsense to set up a non-government pension in the interim (and pay its annual fees) for under three months' work.
Any advice will save my brain from melting altogether. Thanks.
SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 3
http://www.austlii.edu.au/au/legis/c...995335/s3.html
#3
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Re: Superannuation - leaving a job without it
My wife rolled her private employer super into her federal government super fund.
The annual statement shows it as a seperate item every year.
State may be different to Federal, but I do not actually know.
The annual statement shows it as a seperate item every year.
State may be different to Federal, but I do not actually know.
#4
Re: Superannuation - leaving a job without it
If you leave a job quite soon before you've chosen your super fund, is it possible to request the old (private) employer to direct the super contributions into the super fund of your new (state government) employer?
Would a state government super fund accept contributions accrued from a private employer? It seems nonsense to set up a non-government pension in the interim (and pay its annual fees) for under three months' work.
Any advice will save my brain from melting altogether. Thanks.
Would a state government super fund accept contributions accrued from a private employer? It seems nonsense to set up a non-government pension in the interim (and pay its annual fees) for under three months' work.
Any advice will save my brain from melting altogether. Thanks.
#5
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Joined: Apr 2008
Location: Sydney, previously Northern Ireland
Posts: 729
Re: Superannuation - leaving a job without it
Thanks for the advice. I intend to seek advice from the ATO about this tomorrow, so I'll let you know what the official line is on it.
BTW, my employer doesn't have a default super fund - because it's a casual position, employees have to nominate their own fund.
BTW, my employer doesn't have a default super fund - because it's a casual position, employees have to nominate their own fund.