Choosing your default fund
As an employer, you’re required to make Superannuation Guarantee (SG) contributions for eligible employees. Some awards or industrial agreements specify the super fund for SG contributions for particular employees. However, some employees can choose the superannuation fund into which their SG contributions are paid. For those employees who don’t choose a fund, you need to select a default fund for SG contributions that offers a minimum level of insurance cover to members.
Choosing a default fund for your employees is an important decision that requires careful consideration. As an employer, you need to ensure you’re comfortable referring employees to your default fund and confident that the fund will always act in their best interests.
Explore the benefits of membership with Maritime Super, and find out more about making Maritime Super your default fund.