Reading time: Changing jobs and your super
Starting a new job? Stay with TWUSUPER
TWUSUPER is the Industry Super Fund for the people who keep Australia moving and we are run only to benefit members. Such benefits include insurance which covers dangerous occupations with no job exclusions - unlike some other funds.
It’s easy to stay with TWUSUPER when you change jobs. Nearly half of our members have been with us on average for over 20 years. Even if you change industries you can still enjoy the long-term benefits of the Industry Super Fund for the people who keep Australia moving.
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.
Letter of compliance
If your payroll department requires a Letter of compliance, you can download it here.
Why you're better off with TWUSUPER
TWUSUPER is the industry super fund for people in transport where:
- we are run only to benefit members
- strong long-term investment performance*
- we offer flexible 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. 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.
Need a hand?
If you have any questions, please call us between 8am and 8pm (AEST/AEDT) weekdays on 1800 222 071.
* Past performance is not a reliable indicator of future performance. This information is about TWUSUPER. It doesn’t account for your specific needs. Please consider your financial position, objectives, and requirements before making financial decisions. Read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) to decide if TWUSUPER is right for you. PDS and TMD can be obtained by calling us on 1800 222 071 or visit twusuper.com.au