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Super Choice

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Hunter United Super Choice Fund is a low cost super fund with a difference.

We provide an easy online superannuation solution for members to manage their retirement savings throughout their life cycle.

Applying for and managing superannuation has never been easier with Hunter United Super Choice Fund and helps put you in control of your financial future.

How super works

Contributions

Superannuation (Super) is a way of saving for retirement which is, in part, compulsory. Most Australian employers are required by Government legislation to contribute 9% of the ordinary time earnings of their employees into the employee's nominated super fund. If an employee doesn't nominate a fund, the contributions are made to the employer's default fund.

These compulsory contributions are called Superannuation Guarantee (SG) contributions.

Most people have a right to choose into which fund their employer should direct their SG contributions (called 'Choice of Fund').

Accumulation

Your SG contributions, plus any extra contributions you've made, are invested for you into your super account according to the investment strategy you've chosen.

Over the course of your working life, these contributions 'accumulate' together with any investment earnings (which may be positive or negative), so that when you leave the workforce you'll have money to fund your retirement.

You can help your super savings accumulate by making extra contributions. The types of extra contributions you can make include additional employer contributions (salary sacrifice contributions) and personal contributions. Depending on your income, you might also be eligible for Government Co-contributions. There are limitations on contributions to superannuation which dictate when super funds can accept contributions and the amount of tax payable on contributions.

Withdrawals

There are restrictions on withdrawals from super. You can access your super savings once you retire or when you reach your preservation age.

Your super may also be accessible in other limited circumstances, which include your death, permanent incapacity and financial hardship. These are called 'conditions of release'.

 

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