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Changing jobs and Superannuation

Published October 2020

It’s easy to take ANZ Smart Choice Super with you when you change jobs.

The choice of where your super goes is up to you

It’s worth taking the time to consider whether you’ll elect to go with a new fund (like your new employer’s nominated super fund) or a super fund that you choose. Many Australians believe their super contributions must be paid into a fund chosen for them by their employer.

Research from a 2019 Investment Trends reportdisclaimer found more than a third of Australians who’d changed jobs believed they didn’t have the option to choose their own super fund when taking up a new role.

Unless you’re covered by certain industrial agreements or are part of a defined benefit super fund, you can make a choice, either to stay with your current fund or have your contributions paid into your new employer’s default fund. On 3 September 2020, the Federal Government passed legislation to allow all employees under a new workplace determination or enterprise agreement to choose their own super fund. This means an employee will be able to choose their own fund if they’re employed under the new agreement made on or after 1 January 2021.

Keep in mind that if you don’t provide your new employer with the details of your chosen fund, then your employer will pay your contributions into their default fund. This could mean you may be paying multiple fees.

Taking your ANZ Smart Choice Super account with you

ANZ Smart Choice Super is designed to be flexible and go with you as you move through life. Changing jobs can be an exciting time, we also know it can be busy with a lot to do and new things to focus on. That’s why we’ve made it easy to take your ANZ Smart Choice Super account with you throughout your career and keep your hard-earned super money all in one place. Whether you’re changing jobs or just getting on top of your super, we can help you in two easy steps.

Taking your ANZ Smart Choice Super account with you is easy

  1. Let your employer know you want your super paid into your ANZ Smart Choice Super account using the form below or via the ANZ App.
  2. Get your super sorted. Round up your super accounts in a few steps through the ATO website via myGov and take your ANZ Smart Choice Super with you from job to job.

That’s it. Super. Easy.

The easiest way to share this information is by logging in to your ANZ Smart Choice Super account, via ANZ Internet Bankingdisclaimer. Check that your details are up-to-date before downloading your pre-filled Super Choice form. Once you’ve signed it, you can email it to your payroll or human resources department or print it out and hand it in.

Alternatively, you can fill out the choice of super fund form and email or hand it to your employer.

Your employer must start paying your super contributions into your chosen fund within two months of receiving this information.

Search for any super you may have forgotten about

While it’s top of mind, there are a couple of simple steps you can take to help organise and make the most of your super.

You can search for your super and bring it all together into your ANZ Smart Choice Super account through the ATO website via myGov.

How to search for your super though the ATO via myGov:

  1. Go to
  2. Log on or create an account
  3. Link your myGov account to the ATO
  4. Follow the prompts to bring your accounts together
  5. Consent to a SuperMatch search
  6. Select the accounts you would like to bring together

Please note, moving funds (including terminal medical condition payments) may have taxation, investment and insurance implications. We recommend you consult a financial adviser.

Things to consider

If you’re considering changing super funds as well as jobs, there are many things to consider and it pays to weigh up your options carefully.

Changing your super fund is a big decision. Superannuation is a long-term investment and the choices you make now can have a big impact on the amount of money you have to support yourself in retirement.

ANZ Smart Choice Super is designed to be a flexible low-cost super fund with smart Lifestage investment options and insurance features that automatically adjust as you agedisclaimer. Having your super contributions paid into a superannuation account with low administration fees, like ANZ Smart Choice Super, can help you to maximise your final balance.

Investment Trends’ researchdisclaimer found seeking a lower cost option was one of the main reasons that prompted Australians to switch super funds.

It’s also important to check whether you’ll lose any existing insurance cover after changing jobs and whether your remaining insurance cover is sufficient.

If you have a financial adviser, we recommend that you speak with them before making any decisions.

Benefits of ANZ Smart Choice Super

Low fees and no hidden charges

ANZ Smart Choice Super’s low feesdisclaimer won’t erode your super balance like some funds can. Check out how low our fees are compared to other funds including industry funds.

Competitive performance

Over the medium to long-term (three to five years) ANZ Smart Choice Super has exceeded its investment objectives for all lifestage funds. Find out how ANZ Smart Choice Super has performed.

Smart investments that adjust with your age

ANZ Smart Choice Super’s investment experts select a mix of investments which adjust based on your agedisclaimer – so the hard work is already done.

Watch your super grow

Stay in control of your super and watch it grow alongside your other ANZ bank accounts through;

Insurance cover to suit

You can have peace of mind with a range of insurance options to have you covered if the ‘unexpected’ happens. What cover will I get?

You can also rest assured knowing that we have committed to adopting the Insurance in Superannuation Voluntary Code of Practice.

Want to know more?

Knowledge is power. Educating yourself about your retirement savings, including your investment options and ways you can boost your balance, is one of the smartest financial choices you can make. Find out more about how you can keep track of your ANZ Smart Choice Super account online.

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“ANZ Smart Choice Super” is a suite of products consisting of ANZ Smart Choice Super and Pension (PDF 416kB)ANZ Smart Choice Super for employers and their employees (PDF 594kb) and ANZ Smart Choice Super for QBE Management Services Pty Ltd and their employees (PDF 441kb). The ANZ Smart Choice Super and Pension product is distributed by Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522).  We recommend that you read the ANZ Financial Services Guide (PDF 479kB), before deciding whether to acquire or continue to hold this product. View the ANZ Smart Choice Super and Pension Target Market Determination (PDF 252kB). ANZ Smart Choice Super for employers and their employees and ANZ Smart Choice Super for QBE Management Services Pty Ltd and their employees are MySuper compliant products issued pursuant to the latest PDS available at View the ANZ Smart Choice Super for employer and their employees Target Market Determination (PDF 464 kB). ANZ Smart Choice Super is part of the Retirement Portfolio Service (the Fund) (ABN 61 808 189 263) and is issued by OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673) (OPC), the trustee of the Fund. OPC is a member of the Insignia Financial Group of companies, comprising Insignia Financial Ltd (formerly IOOF Holdings Ltd) ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group). The Australia and New Zealand Banking Group Limited (ANZ) (ABN 11 005 357 522) brand is a trademark of ANZ and is used by OPC under licence from ANZ. ANZ and the Insignia Financial Group of companies (including OPC) are not related bodies corporate. ANZ does not stand behind or guarantee these products.

Before re-directing your super or moving your money into ANZ Smart Choice Super, you will need to consider whether there are any adverse consequences for you, including loss of benefits (e.g. insurance cover), investment options and performance, functionality, increase in investment risks and where your future employer contributions will be paid. 

This information is of a general nature and has been prepared without taking account of your personal needs, financial situation or objectives. Before acting on this information, you should consider whether the information is appropriate for you having regard to your personal needs, financial circumstances or objectives.

All fees are subject to change. Other key features are relevant when choosing a super fund, including performance.

ANZ does not represent or guarantee that access to ANZ Internet Banking or the ANZ App will be uninterrupted. Temporary service disruptions may occur. ANZ recommends that you read the ANZ App Terms and Conditions available at and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.

You should read the relevant Product Disclosure Statement and Additional Information Guide available at or by calling 13 12 87 before deciding to acquire, or continue to hold, an interest in ANZ Smart Choice Super.

Taxation law is complex and this information has been prepared as a guide only and does not represent taxation advice. Please see your tax adviser for independent taxation advice. The information on insurance cover is a summary only of the terms and conditions applying to the insurance cover. To the extent there is any inconsistency with the terms of the insurance cover provided by the insurer, the terms of the insurance policy will prevail.

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The investment mix is selected based on the member’s decade of birth.


Fee Analysis: Research conducted by SuperRatings Pty Ltd, holder of Australian Financial Services Licence No. 311880 at the request of OPC. For a copy of the latest SuperRatings research, click here (PDF 146kB) or call 13 12 87.