Super Selection Form – ANZ Smart Super

 

 

Super Selection Form – ANZ Smart Super

  • DO YOU NEED TO COMPLETE THIS FORM?

     

    Employers

    You must complete this form if you are an employer and:

    • you hire a new employee who is eligible to choose a super fund
    • an existing eligible employee asks you for a form
    • you cannot contribute to an employee’s chosen super fund or it is no longer a complying fund, or
    • you change your employer nominated super fund (for the employees affected by this change of fund).
  • BEFORE YOU COMPLETE THIS FORM

     

    Before you complete your Standard choice form, you should read Super Decisions. This document has been prepared by the Australian Securities and Investments Commission (ASIC) to help you understand more about super and make better super decisions. To obtain a copy:

    • visit www.fido.gov.au or
    • phone 1300 300 630.

    For more information about choosing a super fund

    • visit our website at www.ato.gov.au or
    • phone us on 13 10 20 between 8.00am and 6.00pm Monday to Friday, to speak to a tax officer.
  • Employees

    The terms ‘super fund’, ‘superannuation fund’ and ‘fund’ also refer to a retirement savings account. A retirement savings account can be chosen as a super fund by an employer or employee.

  • HOW TO COMPLETE THIS FORM

  • Question 1

    Choice of superannuation fund

    Complete this question by placing an ‘X’ in one of the boxes.

    OPTION 1: You can stay with your employer’s super fund

    If you don’t make a choice, your employer’s super contributions will be paid into a fund chosen by your employer. You do not need to complete ‘Section A’ for this option. Your employer is not liable for the performance of the super fund you choose or the employer fund they choose on your behalf.

    Note: Do not seek financial advice from your employer unless they are licensed to provide it. You can choose a different fund later if you like.

    Note:You only need to complete ‘Section A’ if you are choosing a fund that is different to your employer’s nominated fund (also known as their default fund). You do not need to return this form to your employer if you want to continue to stay with their default fund.

    OPTION 2: Choose your own super fund

    You can choose the super fund you want your employer super contributions paid to. You need to complete ‘Section A’ for this option.

    Note:Any money you have in existing funds will remain there unless you arrange to transfer it (or roll it over) to another fund. Check the impact of any exit fees, or benefits you may lose, before leaving the fund. Your employer cannot do this for you.

    Note:Your employer is only required to accept one Standard choice form from you every 12 months.

    SECTION B: EMPLOYERS

    You must complete ‘Section B’ of the form before you give the form to your eligible employee.

    Question 5

    Your details

    Provide your details.

    Question 6

    Your employer nominated superannuation fund

    Provide details of your employer nominated super fund.

    Note:If your employer nominated fund has not changed, write ‘NOT APPLICABLE’ in the ‘Fund’s name’ field.

    Note: Give this form to your employee after you have completed ‘Section B’. When your employee returns the completed form to you, do not send it to us at the ATO or your super fund. You must keep a copy for your own records for five years.

    Note: Make sure that you pay super contributions for your employees by the super guarantee cut-offs: n
    28 October
    28 January
    28 April
    28 July
    This applies whether an employee completes this form or not. Where an employee chooses a fund, any contributions you make in the two months after receiving the form can be made to either your employer nominated super fund (your default fund) or the employee’s new chosen fund. Contributions after the two month period must be made to the employee’s new chosen super fund.

    OUR COMMITMENT TO YOU

    We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. If you follow our information in this publication and it turns out to be incorrect or misleading, and you fail to comply with the law as a result, we must still apply the law correctly. However, we will take the fact that you followed our information into account when deciding what action, if any, we should take. If you make an honest mistake in trying to follow our information in this publication and you fail to comply with the law as a result, we will take the reason for the mistake into account in deciding what action to take. If you feel that this publication does not fully cover your circumstances, or you are unsure how it applies to you, you can seek further assistance from us. We regularly revise our publications to take account of any changes to the law, so make sure that you have the latest information. If you are unsure, you can check for more recent information on our website at www.ato.gov.au or contact us. This publication was current at June 2010.

  • Question 2

    Your details

    Provide your personal details. If you quote your tax file number (TFN) to your employer for super purposes, they must provide it to the super fund they pay your super to.

    • your super fund will, subject to its rules, be able to accept all contributions for you
    • the tax on contributions your fund receives for you will not increase
    • other than the tax that may ordinarily apply, no additional tax will be deducted when you start drawing down your super benefits, and
    • it is easier to keep track of different super accounts in your name so you receive all your super when you retire.

    NoteYou are not legally required to quote your TFN but if you do not quote it your contributions may be taxed at a higher rate.

    Question 3

    Details of my chosen superannuation fund

    Provide the details of your chosen super fund.

    Question 4

    Appropriate documentation

    Complete by placing an ‘X’ in the box and including a copy of the appropriate documentation listed in the Standard choice form.

    NoteYour employer does not have to accept your choice of fund if you have not provided the appropriate documents

    NoteIf you have completed ‘Section A’, return this form to your employer and keep a copy for your own records. Do not send a copy of this form to us at the Australian Taxation Office (ATO) or your super fund.

    MORE INFORMATION

    For individuals

    • Super – what you need to know (NAT 71039), and
    • Super and your retirement (NAT 71040).

    For employers

    • Super – what employers need to know (NAT 71038
    • Superannuation guarantee – how to meet your super obligations (NAT 1987), and
    • Paying super – your handy reference (NAT 72035).

    For more information:

    • visit our website at www.ato.gov.au
    • visit ASIC’s FIDO website at www.fido.gov.au for financial tips and safety checks
    • subscribe to ‘What’s New’ at www.ato.gov.au to receive regular updates
    • phone us on 13 10 20 between 8.00am and 6.00pm, Monday to Friday, to speak to a tax officer
    • phone our publications ordering service on 1300 720 092 for copies of our publications, or
    • write to us at Australian Tax Office PO Box 3578 ALBURY NSW 2640

    If you do not speak English well and need help from us, phone the Translating and Interpreting Service on 13 14 50. If you are deaf, or have a hearing or speech impairment, phone us through the National Relay Service (NRS) on the numbers listed below:

    • TTY users, phone 13 36 77 and ask for the ATO number you need
    • Speak and Listen (speech-to-speech relay) users, phone 1300 555 727 and ask for the ATO number you need
    • internet relay users, connect to the NRS on www.relayservice.com.au and ask for the ATO number you need.
  • Section A: Employee to complete

    1 Choice of superannuation fund

    I request that all my future superannuation contributions be paid to:





  • Note:You only need to complete ‘Section A’ if you want to choose the superannuation fund that your employer’s superannuation contributions are paid to.

    Your details



  • Make sure your superannuation fund knows your TFN. You can check just by looking at your latest statement from them. It helps you keep track of your money, allows you to pay extra contributions, and makes sure the money gets taxed at the special low rate.

    Details of my chosen superannuation fund:















  • Section B: Employer to complete</strong

    Give this form to your employee after you have completed ‘Section B’.

    Your details





  • Your employer nominated superannuation fund

    If the employee does not choose a different superannuation fund, superannuation contributions will be paid to the following superannuation fund on behalf of this employee (unless the employee has previously chosen a different fund):




  • For your records:This section must be completed when the employee returns the form to you with a completed ‘Section A’.




  • Do not send a copy of this form to us at the ATO or your superannuation fund. You must keep a copy for your own records for a period of five years.

    When you receive this form and all of the required information from your employee, and where an employee has chosen a fund, any contributions you make in the two months after receiving the form can be made to either your employer nominated superannuation fund (your default fund) or the employee’s new chosen fund. Contributions after the two month period must be made to the employee’s new chosen superannuation fund.