When you leave your job, it's important that you think about, and take control of, your super and any insurance cover you have. When we hear from you or your employer that you have left your job, we make the first part of staying with Equipsuper easy. Once we receive notification, we will write to you and provide you with information about your superannuation options. You have several:
Please note that if we do not hear from you within 35 days and we have all relevant information from your employer to calculate your benefit, your super will auotmatically be transferred to an Equipsuper Personal account.
Sticking with Equipsuper
Equipsuper Personal offers a portable and flexible superannuation and insurance package that you can carry with you as you change jobs, or even if you take a break from work. So choosing to stay with Equipsuper can be the start of a lifelong financial partnership.
In Equipsuper Personal, you can maintain your investments in options you are familiar with and therefore maintain your current strategy settings. You may also adjust your investment allocation choosing from Diversified options with asset allocations selected by our investment experts or Sector Specific options, such as Australian Shares. You can even invest in one or more of both types of options. If you are a defined benefit member, your defined benefit portion will transfer to the Cash investment option unless you instruct us otherwise.
Equipsuper Personal offers competitive fees, adding to your savings power as you accumulate super within the Fund.
Insurance
If your superannuation account balance is transferred to Equipsuper Personal from Equipsuper Corporate and you had death and TPD insurance cover, that death and TPD cover will automatically be transferred to your Equipsuper Personal account.
You can find out the terms and conditions associated with converting or continuing your cover in the PDS appropriate to your Equipsuper Corporate membership, or by contacting our Helpline.
If you have salary continuance cover, you may also be able to continue this cover under certain conditions.
Rolling money into Equipsuper
If you have super in other funds, you can roll it into Equipsuper to make managing your super benefits easier. Simply complete the Rollover Authority form.
Accessing Cash
Under preservation rules, you will not generally be able to take the preserved component of your benefit in cash if you leave service before retirement. However, if some of your super is unpreserved, you may be eligible to receive a cash payment.
This website is for general information only. It has been prepared without taking into account your personal objectives, financial situation or needs. You should consider whether this information is appropriate to your personal circumstances before acting on it and, if necessary, you should also seek professional financial advice. Where tax information is included you should consider obtaining personal taxation advice. If you are considering investing in the Equipsuper Superannuation Fund, you should read the appropriate Equipsuper Product Disclosure Statement (PDS) before making an investment decision. Neither Equipsuper, nor any employees or directors of Equipsuper, guarantee the repayment of capital or the performance of the Fund. Past performance is not an indication of future performance.
