Employer super guarantee contributions
Congratulations on bringing your KiwiSaver across the ditch. Now let’s get all your money in one place, including your ongoing contributions from your employer – aka your super guarantee (SG contributions).
What is the super guarantee (SG)?
If you are working in Australia and are –
- 18 years or older and earning at least $450 per month before tax, or
- under 18 years of age and working over 30 hours per week
– then your employer is legally required to make SG contributions into your super account of 10% of your ordinary time earnings (OTE) . (That is, 10% of the amount you’d earn working your ordinary hours).
Transfer future employer SG contributions into your First Super account
It’s simple to set up. Download and complete the Choice of Fund form and hand it to your employer. It’s worth checking with your employer when you can expect the next SG contribution to go into your First Super account.
Transfer funds from other super accounts to First Super
It’s easy to transfer funds from your existing account over to your new First Super account. And if you’ve moved around to different jobs in Australia and have other missing super accounts, we can check and help you find those too.
To transfer your existing and missing super accounts to First Super, log into your firstonline account and go to ‘Find lost super’. Your existing account and any lost super belonging to you will be displayed in your account. Then, if you wish, you can roll over the funds into your First Super account.* It takes two minutes to do. Simple.
Your money all in one place
Start growing your wealth for a comfortable retirement by taking these simple steps and enjoy the benefits.
- One account, one set of admin fees
- Embrace the power of compound interest with all your money in one account
- You won’t lose track of your super
- It’s easier to manage your super with one account, less paperwork, fewer passwords!
It must feel good to finally have all your money in one place.
WE’RE HERE TO HELP. SO LET’S TALK.
If you are not sure whether you are eligible to choose your super fund, or if you have any other questions, please call our Member Services Team on 1300 360 988, or email us.
* Before you transfer out of any other super fund, it is important to check:
- if you will lose any insurance benefits
- if any fees may apply (e.g. exit fees)
- if it is a defined benefit account