How to change your superannuation fund?

Updating your Super Fund Choice via the Superannuation Menu

1. Go to Benefits > Superannuation

2. Click on Choose a different fund

3. Select from one of the displayed Choice Funds or select 'Choose another fund.'

4. Sign off on your choice

Super_selection_Onboarding.gif

 

Options when Choosing a Super Fund

Choice funds

Selecting the right super fund is very important. We have provided you with easy access to choice funds to make your choice an easy one, if you think that they might suit your needs. These funds are integrated with Flare to ensure a simple and smooth Superannuation setup and consolidation option.

 

My own super fund

If you are already a member of a super fund or wish to setup access to a super fund outside of Flare, you can enter the details of this fund into Flare to use them as your Superannuation choice. You will need your: 

Member Number
This is the member number held by the employee, the way to identify their contributions by the superannuation fund.

USI
This is the Unique Superannuation Identifier number, it identifies where funds are distributed to through Super Stream reporting and remittance.   

 

My Self Managed super fund

If you have your own Self-managed Super Fund where you are the trustee of the fund, you can enter the details of this fund into Flare to use them as your Superannuation choice.

 

Default fund

It is a legal requirement for all companies to have a Default Superannuation Fund setup in the instance where an employee may not wish to setup their own fund. You can select this fund as your Superannuation choice.

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