WebFeb 11, 2024 · A stapled super fund is an existing super account that is linked – or “stapled” – to you so it follows you whenever you change jobs. ... “Generally, if the employee does not exercise choice and has a stapled fund, the employer will be required to contribute to the employee’s stapled fund to meet their Superannuation Guarantee … Webthe fund chosen by the employee if no fund is chosen – the 'stapled super fund' notified by the Australian Taxation Office (ATO) for the employee, or if the ATO advises that there is no stapled super fund – your default superannuation fund or another fund that meets your choice of fund obligations.

Request stapled super fund details for employees

Webdefault super fund or another fund that meets the choice of fund rules. In the two months after you receive a new employee’s completed form, super contributions should be made to the employee’s chosen fund or their stapled super fund. You can only make contributions to your nominated fund if the ATO advises there is no stapled super fund. WebNov 1, 2024 · A stapled super fund is an existing super account which is linked, or ‘stapled', to an employee so that it follows them as they change jobs. The government’s … hobbyland clintonville

Your guide to superannuation stapling - Vision Super

WebMay 28, 2024 · For the first time, your employees’ super fund will follow them when they change jobs. 'Stapling' is an Australian Government superannuation reform that will be … WebDec 13, 2024 · Treasury has estimated stapling will result in $2.8 billion in savings over 10 years. While most employers already have new stapling processes in place, it’s worth recapping the changes and your obligations under the new regulations. The new process WebSep 24, 2024 · Here we explain how ‘super stapling’ works and the steps employers need to take to ensure they comply with the new rules. Key takeouts. The stapled fund rules only apply to new employees who ... hobbyland gilching gmbh \\u0026 co. kg