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Choice of fund

If you are employed, your existing superannuation fund gets a minimum of 9 per cent compulsory contribution from your employer as well as any additional contributions you make voluntarily.

Most employers must offer their employees the choice of where their compulsory superannuation is contributed, including to a self managed superfund. This means that you can ask your current employer to contribute your compulsory superannuation to your self managed superfund.

Exceptions apply to some Government employees and those covered by State industry awards where superannuation contributions must be paid into a specified union or industry fund under that award.