Choose the best place for your money

If you’re one of the estimated five million Australians who can now choose where their super savings go, you can make a difference to your super by choosing which fund to invest in and what features you need to ensure you have the retirement you’ve been dreaming of.

Government legislation may give you the choice of where to invest your Superannuation Guarantee contributions. It means that you may be able to choose to have your contributions paid into a different complying super fund.

You may be eligible to choose your own super fund if you:

  • are covered by a Federal or Territory award, including Victoria Common Rule awards
  • are employed by an employer who is an incorporated business and you are covered by a State award (now known as a ‘notional agreement preserving State award’ under WorkChoices legislation)
  • are one of a specific group of Commonwealth employees
  • are not covered by an award.

You should talk to your employer or the person in charge of your super to find out if you’re eligible.

Questions to ask

If you’re considering changing your super fund or choosing one for the first time, the key questions to ask yourself are:

  • How much am I currently saving for retirement?
  • Is what I'm saving enough to fund the lifestyle I want when I retire?
  • Am I on track to save as much as I need?
  • How do I feel about my current superannuation provider?
  • How do I feel about my fund’s fees and charges, particularly relative to the services I receive?
  • How is my fund performing, and over what term?
  • If I change funds, what will it cost?
  • If I change funds will I get all the benefits in the new fund that I have in the current fund?

If you aren't sure how much you'll need to retire try My super simulator.

For more information about superannuation choice, choose the section relevant to you (are you and employee or an employer?) and find out how AMP can help you make the most of the chance to choose.

If you are an employee

To help you understand Choice of Fund, click here for more information.

If you are an employer

To help make Choice of Fund easy for your business, click here for more information.

You should also visit the Australian Tax Office site for more information, or www.superchoice.gov.au



To make a difference to your super, contact a financial planner accredited by AMP.
AMP # 1 for super is based on assets under management (Plan for Life March 07 and DEXX&R March 2007). Find out more about why AMP for super.


Print this page.


What you need to know
Any advice on this page is provided by AMP Superannuation Limited, ABN 31 008 414 104, AFSL No. 233060, RSE Licence No. L0000550.

The advice is not based on your personal objectives, financial situation or needs. Accordingly you should consider how appropriate the advice is to those objectives, financial situation and needs before acting on the advice and, before buying any financial product, you should read the current customer brochure or product disclosure statement.

We are part of the AMP Group of companies. However, no remuneration or financial benefits are paid to us or our related companies or associates in relation to the advice provided on this page.