Starting a new job? Stay with TWUSUPER
Asking your new employer to pay your super into your TWUSUPER account helps avoid fees on multiple accounts and allows you to stay in an Industry SuperFund.
All you need to do is use the Choice of Fund form and give it to your payroll department. You can apply online or download and print the PDF form.
If your payroll department requires a Letter of compliance, you can download it here.
Why you're better off with TWUSUPER
We're proud to look after the people whose hard work ensures we have fresh food in our supermarkets, petrol to pump into our cars, and can get to work and go on holiday. We're here for the people who work long hours, often away from their families. The people who look after our everyday needs, day in day out, and deserve a better retirement.
TWUSUPER is the Industry SuperFund for people in transport where:
- all profit goes to members
- long-term investment returns are strong
- we offer flexible and affordable insurance for people in transport
- our Account Managers have strong relationships with employers in the transport industry and work with them to promote workplace wellness and to help the workforce prepare for retirement
Super and redundancy
If you're made redundant, you may be entitled to a redundancy payment from your employer. You can find out more about your redundancy entitlements from the Fair Work Ombudsman.
If you are entitled to a payout it could be for a large sum, so you may want to consult a financial planner. TWUSUPER members can get comprehensive financial advice* over the phone or face-to-face - there is no charge or obligation for the initial consultation. If you have queries about the tax treatment of a redundancy payment, see the ATO website.
Below is some information about your insurance and government resources to help you through redundancy. In some cases it may be possible to access your super early if you're in financial hardship after a significant time out of work. Please call us on 1800 222 071 to talk through your options.
Another good resource that could help you at this time is MoneySmart, a service run by the Australian Securities and Investments Commission (ASIC). Their website includes tools and resources to help you through financially difficult times - including when you're not working. The Redundancy Survival Guide** is worth looking at - it will answer all your questions in plain English and includes a budget planner.