The Choice of Fund legislation allows many employees to choose the superannuation fund their employer makes superannuation guarantee contributions into from 1 July 2005.
The Choice of Fund legislation is designed to encourage employees to take a greater interest in their superannuation. Enabling employees to choose where their contributions are applied allows them to take greater control in the accumulation of their retirement savings.
Why Choice of Fund?
Choice of Fund will give employees greater control and responsibility. Employees will be able to select a superannuation fund that suits their individual circumstances.
Ultimately, a decision relating to superannuation fund selection and investment strategy will have a direct effect on the amount of money accumulated for retirement.
Find out more about how Choice of Fund will affect you as an employee or an employer.
