Stapling — what does it mean?

As part of the Your Future, Your Super (YFYS) reforms to superannuation, ‘stapling’ came into effect on 1 November 2021.

Stapling is the process of linking a super account to a person, so that your stapled account follows you from job to job, instead of you picking up a new super fund every time you change jobs. This is designed to help you avoid multiple super accounts and multiples sets of fees.

You can choose your preferred super account at any time by completing a Choice of fund form.

If you don’t do this when you start a new job, your new employer will have to find out your stapled super fund from the ATO and pay your super guarantee contributions to that account. Please note that it is not up to you to provide your employer with details of your stapled fund.

If you do fill out the Choice of fund form, your choice will always take priority over a stapled super account. You can also complete the form at any time during your employment, even if your super is currently being paid to a different account.