Changing jobs can give you a fresh start, boost your career and provide you with new and exciting opportunities. We’ve provided everything you need to move your Hostplus account to your new employer.
Federal government legislation introduced in 2021 means that your super fund is now ‘stapled’ to you – that is, in most cases your super account automatically moves with you when you change jobs. So, unless you choose to change super funds, your super will stay with the one fund throughout your working life.
The good news? It's one less admin task when you change jobs. Your new employer will check whether you have an existing fund and will pay your super contributions into that fund. You don’t need to do a thing.
If you do need to provide your new employer with information about your super fund, we make it easy.
Simply log in to Member Online or use the Hostplus app to download your pre-filled fund nomination form to give to your employer.
If you prefer, you can download a blank form to fill in yourself. You'll need to send this to your employer, along with a letter of compliance.
You may need to give your employer a letter of compliance to ensure your super continues to be paid to Hostplus.
If you have multiple super accounts, a new job is a great opportunity to merge them into one single Hostplus account. With all your super in one place, you’ll be able to manage and track your investments more easily. Plus, you may save money on unnecessary fees and other charges.
There's a lot to consider when thinking about whether consolidation is right for you.1 Follow the link below for more information.
1. Before consolidating your super, you should check with your existing super fund on whether there are any fees or charges that may apply or any loss of benefits, such as insurance cover. If you have insurance cover with another super fund, you may be able to transfer that cover to Hostplus. To find out if you are eligible, visit Transfer your cover to Hostplus. You may also find it beneficial to obtain advice from a licensed financial adviser.
The following information may help you set up your super with your new employer faster.
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2. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a superannuation fund.
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