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Stapled Super Funds for Employees

On the 1st of November 2021 stapled superannuation was rolled out in Australia.

A stapled super fund is an existing super account that is linked, or 'stapled', to an individual employee so it follows them as they change jobs. 

This aims to reduce account fees, avoid paying multiple insurance fees whilst maximising the employee’s investment potential. It also avoids new super accounts being opened every time an employee starts a new job.

This means that from the 1st November, if you have a new employee start, and they don't choose a super fund, employers will need to request their ‘stapled super fund’ details from ATO.

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Stapled Super Funds - Reference Guide for Employers

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