super that sticks with you

life

Changes to superannuation guarantee legislation which took effect from 1 November 2021 means that if you change jobs, your super will follow you. This 'staples' your current fund to you throughout your working life, unless you make a choice and tell your employer you want your super to be paid into another fund.

 

Why do I need to know about this?

It changes how the fund your employer pays your super to is decided. And it makes being with a strong fund more important than ever.

 

Things to know about stapling

Stapling makes it easier to:

  • keep track of your super savings
  • avoid paying fees on multiple super accounts.

Given millions of people have more than one fund, that could help them take more control of their financial future.

 

Things to keep in mind about stapling

There’s a risk people with underperforming funds – with less than impressive long-term investment returns and high fees – are stuck with them, unless they actively choose to change funds.

It could also mean their super is invested in ways that don’t align with their values; for example, if the fund doesn’t have a strong commitment to sustainable investing.

Your needs also change as you progress in your working life. For example, many of our members appreciate and value a super fund that is dedicated to them and their industry.

The fund people may be placed in when they start their working lives might not be as well suited to them when they enter their chosen industry. So your super needs might be very different once you start your professional career.

 


what do I need to do?

Everyone should make sure their super is ‘stapled’ to a strong fund aligned to their needs.
 

Changing jobs?

If you’re changing jobs and you’re not sure if HESTA is your stapled fund, you can make sure you stay with us by completing the Choice of fund form (pdf) and returning it to your employer.

If you don’t choose, your employer will ask the ATO for the last fund you contributed to. If you don’t have one, they’ll pay your super into their default fund. Find out more about changing jobs.

 

If HESTA is your only super fund, you don't need to do anything. As a HESTA member, you can relax: you’re already in safe hands.

 

 

 

Strong returns, healthy super

HESTA has a history of delivering solid long-term returns.


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Working only for your benefit

As the industry super fund dedicated to people in health and community services, we work purely to benefit our members, not shareholders. And we invest in innovation that make a positive impact on you and your sector, while generating healthy returns.


More about HESTA >

 

 

 

Standing up for a better future

A gutsy advocate for our members, we invest for people, planet and pocket, demand fairer super, and drive diversity, because everyone deserves the best possible retirement.


Learn more about HESTA Impact >

 

 

 

 

 

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Want to know more, or just need a chat about your super?

We’re right here for you. As a HESTA member you can get help at no extra cost, whenever you need it.