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Super choice fund nomination form MLC Navigator Access Super and Pension This form is only to be used for employer Super Guarantee contributions. Please complete section 1, 2 and 3 of this form and
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How to fill out super choice fund nomination
How to fill out a super choice fund nomination:
01
Obtain the necessary form: Begin by obtaining the super choice fund nomination form from your employer or superannuation fund. This form will typically be provided to you when you join or change employment.
02
Fill in your personal details: Start by entering your personal information, such as your full name, date of birth, address, and contact details. Make sure to double-check the accuracy of this information as any mistakes could create issues in the future.
03
Nominate your chosen super fund: Indicate the name of the superannuation fund that you wish to direct your employer contributions to. This could be an industry super fund, a retail fund, or a self-managed super fund (SMSF). Ensure that you provide the correct fund name, ABN (Australian Business Number), and any specific account or membership numbers required.
04
Specify contribution amounts: If you wish to allocate a specific proportion of your employer contributions to different super funds, specify the desired percentage for each fund. For example, you may allocate 70% to Fund A and 30% to Fund B. If you want all contributions to go to a single fund, simply indicate 100% for that fund.
05
Consider any additional instructions: If you have any specific instructions or requirements for the super fund or your employer, such as choosing specific investment options or a particular insurance cover, include these details in the relevant section. If you have multiple employer arrangements, make sure to indicate which fund applies to each employer.
06
Seek financial advice if needed: It's important to consider seeking financial advice before making any decisions regarding your super choices. A financial advisor can provide personalized guidance based on your individual circumstances and goals.
Who needs a super choice fund nomination:
01
Employees with eligible super funds: Anyone who is employed in Australia and has a superannuation fund can benefit from completing a super choice fund nomination. This form allows employees to specify their preferred super fund for employer contributions, rather than being automatically enrolled in a default fund.
02
Individuals changing jobs: If you change employers, you may need to complete a new super choice fund nomination to ensure that your employer directs contributions to your chosen fund. This is particularly important if you have specific fund preferences or want to consolidate your super into a single account.
03
Individuals with multiple jobs: For individuals who have multiple jobs, completing a super choice fund nomination enables them to direct contributions from each employer to a specific fund. This can help simplify their superannuation arrangements and make it easier to manage their retirement savings.
Remember, it's always advisable to check with your employer or seek professional advice to ensure that you understand the process and requirements specific to your individual circumstances.
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What is super choice fund nomination?
Super choice fund nomination is a form that allows members of a superannuation fund to nominate the fund they would like their super contributions to be paid into.
Who is required to file super choice fund nomination?
Any employee who is eligible to choose the fund their super contributions are paid into is required to file a super choice fund nomination.
How to fill out super choice fund nomination?
To fill out a super choice fund nomination, an employee needs to obtain the form from their employer, complete all relevant sections, and return it to the employer for processing.
What is the purpose of super choice fund nomination?
The purpose of a super choice fund nomination is to allow employees to have control over where their super contributions are invested.
What information must be reported on super choice fund nomination?
On a super choice fund nomination form, employees must provide personal details, the name of the chosen super fund, and any other relevant information requested.
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