Stay with CareSuper
Stay with CareSuper
To keep your account open and prevent your super from being transferred to the ATO under Protecting Your Super (PYS) laws, you’ll need to let us know soon.
How to keep your account
Tell us in writing by submitting our Authorise my account to stay with CareSuper form via our Get in touch page.
If you have any questions, call us on 1300 360 149.
OTHER WAYS YOU CAN KEEP YOUR ACCOUNT WITH CARESUPER
- Boost your super via BPAY®. Find your BPAY® details via your MemberOnline account or call us on 1300 360 149.
- Nominate or change a binding beneficiary
- Find and combine your super accounts.*
- Tailor your investments. You can log in to MemberOnline, call us or complete our Investment choice form.
You’ll need to take action soon if you want to keep your account. We’re required to transfer super to the Australian Taxation Office (ATO) by 30 April and 31 October each year. If you have any questions, get in touch online.
ABOUT PROTECTING YOUR SUPER
The government’s Protecting Your Superannuation Package came into effect on 1 July 2019. Under this legislation, all super funds are required to to transfer inactive, low-balance members’ super to the ATO by 30 April and 31 October each year. Your account may be considered inactive if it hasn’t had any contributions or money transferred in for 16 months and has a balance of less than $6,000.
SEEK ADVICE FROM A FINANCIAL PLANNER
As a CareSuper member, you have access to financial advice about your super over the phone, at no extra cost.#
IF YOU DON’T TAKE ANY ACTION
Your account balance may be transferred to the ATO. If this happens and your account closes, you’ll receive a notification from us when it happens. The ATO will then try and match this account with another super account you may have.
* Before combining your super into CareSuper you should consider whether this is right for you and check if you will be charged any fees. You should also check the impact on any insurance arrangements (such as loss of insurance) or other benefits.
^ SuperRatings SR50 Balanced (60-76 Median) Index, June 2022.
# Financial advice obtained over the phone, or through MemberOnline, is provided by Mercer Financial Advice (Australia) Pty Ltd (MFAAPL) ABN 76 153 168 293, Australian Financial Services Licence #411766.