Choosing the right default fund for your employees is an important decision as it will affect their savings for retirement.
All employers must pay super contributions to their employees and employees can choose which super fund they would like their contributions to be paid into.
Before you offer your employees a Choice of fund form to nominate their chosen super fund, you must first have in place a default fund. A default fund is a super fund you can pay your super guarantee contributions to if your employee does not nominate a super fund of their choice.
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