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I'm WITH MEDIA SURE Choice of super fund R Standard choice form VALID FROM 31 DECEMBER 2013 Please complete this form in BLACK PEN and CAPITAL LETTERS. Your Member No. Give this form to YOUR EMPLOYER
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How to fill out choice of super fund

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How to fill out choice of super fund:

01
Review your options: Research and understand the different super funds available to you. Consider their investment options, fees, performance track record, and any additional features they may offer.
02
Determine your goals: Consider your retirement goals and financial objectives when choosing a super fund. Are you looking for high returns, stability, or ethical investment options? Assess your risk tolerance and align it with the investment strategy of the fund.
03
Obtain the necessary forms: Contact your employer or the Australian Taxation Office (ATO) to obtain the Choice of Superannuation Fund form. You may need your tax file number and personal details to complete the form accurately.
04
Complete the form: Fill in all the required information on the form, including your personal details, tax file number, and the chosen super fund's details. Ensure that you provide the correct ABN or USI (Unique Superannuation Identifier) of the selected fund.
05
Submit the form: Once you have completed the form, submit it to your employer or the relevant authority as instructed. Keep a copy of the form for your records.

Who needs choice of super fund:

01
Employees changing jobs: When starting a new job, employees have the opportunity to choose their preferred super fund. By exercising the choice of super fund, they can ensure their super contributions are directed to a fund that aligns with their retirement goals and investment preferences.
02
Self-employed individuals: Freelancers, contractors, and entrepreneurs who are not employees are responsible for selecting and managing their own super fund. They need to choose a fund that offers suitable investment options and provides the desired level of control and flexibility.
03
Individuals consolidating their super: If you have multiple super accounts, you may consider consolidating them into a single fund. By selecting a preferred super fund through the choice of super fund process, you can streamline your superannuation savings, potentially reduce fees, and simplify your retirement planning.
04
Individuals seeking better returns or features: If your current super fund is underperforming, has high fees, or lacks desired investment options or features, you may choose to exercise the choice of super fund to switch to a fund that better meets your needs.
Remember, it is essential to consider seeking advice from a financial professional or conducting your own research to make an informed decision when choosing a super fund.
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Choice of super fund is the decision made by an employee to nominate a specific superannuation fund for their employer contributions to be paid into.
All employees who are eligible to choose their superannuation fund must file a choice of super fund form with their employer.
Employees can fill out a choice of super fund form provided by their employer or on the Australian Taxation Office (ATO) website.
The purpose of choice of super fund is to allow employees to have control over where their employer super contributions are invested.
Employees must provide details of their chosen superannuation fund, including the fund's unique superannuation identifier (USI), ABN, and other relevant information.
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