By Ross Kelly
With choice of fund just one week away, a free online guide aiming to help consumers attain a comfortable standard of living in retirement and assist employers to fulfil their obligations under the new regime has been launched by the Association ofSuperannuation Funds ofAustralia (ASFA).
The ‘AFSA Super Guru’ is written by policy experts employed by the association and contains user-friendly, easily digestible advice for consumers which it says will help to “bridge the understanding gap” and “set people on the road to super enlightenment”.
The guide spells out what would happen to a person’s super if a spouse were to die, how to choose the right super fund and how super affects access to the aged pension. For employers, the guide outlines for which employees choice is applicable, and how the legislation applies to workers on Commonwealth and State Awards and Australian Workplace Agreements and Certified Agreements.
‘Super Guru’ also contains definitions on relevant terms and phrases, as well as a series of calculators.
“Many people have probably been putting off thinking about their super. Yet when the Standard Choice Form gets handed to them by their employer in July, they could find themselves looking for guidance. They need to know not just about whether they should choose a new fund, but how their super works as well,” said AFSA chief executive Philippa Smith.
