If you are eligible for Choice, there are five main ways Choice will affect you:

1. If you exercise your right to Choice, your employer must provide you with a Standard Choice form upon request. You must complete this form and provide it to your employer to implement your Choice.

2. Even if you are eligible for Choice, you are not obliged to make a choice. Your Superannuation Guarantee (SG) contributions will simply be directed to your employer’s default super fund.

3. To nominate a new fund you should review the range of options available to you. The fund must be complying under the Choice legislation. All of AXA’s business and personal super funds are complying under Choice legislation.

4. When completing the Standard Choice form, you must provide an accompanying letter from the fund’s trustee (or if a self managed super fund, the Australian Taxation Office) confirming its complying status and details on how contributions can be paid into the fund.

5. Choice presents a unique opportunity to review your overall financial situation and we recommend you seek guidance from your financial adviser.