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Can an employee join any MySuper product or super fund?

Section: 3.7

When employees commence looking for MySuper product or super fund to join, most will realise very quickly that they wont be able to join every product or fund because not all are open to every employer, every employee or the general public. For instance, it may be open to only government employees or an in-house corporate fund will only be open to employees of that company.

As a result, for most people this means that they will really be choosing between MySuper products and super funds offered by corporate or personal master trust operators or by industry funds.

This technical resource is intended for the use of financial advisers only. It is current as at the date of publication but may be subject to change. This publication has been prepared without taking into account a potential investor's objectives, financial situation, needs or objectives. Before making a recommendation based on this material, you should consider its appropriateness based on the client's objectives, financial situation and needs. Rainmaker Group is not a registered tax agent under the Tax Agent Services Act 2009. Your client should refer to a registered tax agent before relying on information published herein that may impact their tax obligations, liabilities or entitlements.

Last modified: Friday, November 13, 2020