The industry fund for the people who care
You can stay with us even if you change jobs! If your new employer is a registered employer, you can tell them you would like to stay with us!
If you resign or leave one of our registered employers, you can still remain a member of Health Super. Your account will remain hard at work in accordance with your investment choice or the Lifecycle strategy.
If you’ve started a new job, and your new employer is not registered with us – you can still request they make super contributions to your account (if the new employer is subject to Choice of Fund requirements, they generally have to comply with your request).
Your new employer is also welcome to apply to become a registered employer.
Changing jobs might also be a good time to review and possibly consolidate your super accounts. If you’ve changed jobs many times, you may have collected a number of super accounts, each with fees, costs and potentially hefty insurance premiums as well. Consolidating your accounts into your Health Super account could save you money and hassle!
In today’s economic climate, it’s an unfortunate reality that redundancies happen every single day.
Would you know what to do in this situation?
It’s likely to be a stressful and difficult time for both you and your family. With job uncertainty and the financial and lifestyle decisions that you will need to make, the last thing you’re likely to be thinking about is how your super will be affected.
It may provide some comfort to know that leaving your job doesn’t mean that you have to leave us, but there are some other things that you shouldn’t put off. After all, you don’t want to pay unnecessary tax on your redundancy package.
Make sure you understand all the options available to you and how they can impact your super. We recommend talking to a qualified financial planner to assist you in making such important decisions.
Along with a specific redundancy payment, your package could include payments for some or all of the following:
Some of these amounts will be tax-free; others will be taxable at varying rates.
If you want to know more about redundancy and the relevant tax implications, refer to information about employment termination payments, genuine redundancy payments and early retirement scheme payments by visiting the ATO website or call 13 10 20.
Health Super Financial Services Pty Ltd ABN 37 096 452 318, AFSL 240019 trading as Health Super Financial Planning (HSFP) is wholly owned by the FSS Trustee Corporation ABN 11 118 202 672 AFSL 293340 Trustee of the First State Superannuation Scheme ABN 53 226 460 365.
The Trustee pays HSFP half of the annual 1% account-keeping fee collected on all Health Super Account Based Pensions. The Trustee also pays a variable monthly amount (calculated on a cost recovery basis) to HSFP to conduct member seminar programs. The Trustee is not a representative of HSFP and receives no commissions when making referrals to this service. To obtain further information about the services provided by HSFP, contact HSFP direct by telephoning 1300 780 223. Alternatively, visit HSFP’s website at hsfp.com.au