Changing jobs? It’s easy to take us with you
Starting a new job is nerve-wracking and exhilarating, all at once. It represents a new chapter of your life with endless opportunities - a chance to make a positive first impression, encounter professional challenges as you grow and learn, and new people to befriend.
While the first few weeks of a job brings plenty of change, one thing that doesn’t need to change is your super fund. Because, in most cases, you can choose which fund your super is paid into - regardless of who you work for, or your industry.
Super and job switching
A recent study by McCrindle3 found that from the age of 18 through to retirement, the average Australian will have 17 employers during their career. That’s a lot of different jobs in a lifetime. But changing jobs is also the main reason people end up with multiple superannuation accounts. Some even lose track of their super altogether. This is because, if you don’t provide your super fund details, your contributions will be paid into a fund of your employer’s choosing. A new super account will often mean a new set of fees too.
Be the boss of your super
When you start a new job you provide plenty of details to your new employer. Your address, next of kin, even which bank account you would prefer your salary to go into. Having your super details on hand for those first few weeks of your new job means you will be fully prepared to provide your VISSF fund details to your employer from the outset. So, next time you change jobs, regardless of where you are going, remember it’s easy for VISSF to move with you. From one to the next and into retirement, you will never lose track of your valuable investment or miss out on the perks of being a VISSF member.
How to take VISSF to a new job
- Click to download our Choice of Fund form.
- Complete and pass the form to your new employer.
- Your new employer will begin paying contributions into your VISSF account.
3. McCrindle, Job mobility in Australia, https://mccrindle.com.au/insights/blog/job-mobility-australia/