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Superannuation for Employers

At Virgin Money Super, we aim to take the hassle out of super so that you can focus on your business.
  • Quick and easy joining process
  • QuickSuper – free SuperStream compliant payment system
  • Beautifully simple super for you and your employees
  • Access to support and information

3 simple steps to join

Complete the online super application form
Set up QuickSuper (Virgin Money Super Clearing House) online in 5 minutes
Start making contributions for your employees through QuickSuper

What to consider when choosing a default super fund for your employees

  • Easy Administration
  • Range of Investment Options
  • Good Performance
  • Range of Insurance Options

SuperStream Payment Solution

QuickSuper, our free online clearing house payment system, means default employers can make one payment for all their staff – regardless of the super fund they belong to. It’s simple to set up and easy to use.

Setting up your employees
is straightforward

Super for employees is easy for you to manage. If you’re using QuickSuper (our clearing house) you can simply upload your employees’ details into QuickSuper and start making their contributions. When you make their first contribution, the employee’s information will be sent to Virgin Money Super via SuperStream. Your employee will then be safe in our hands.

Contributing to employees’ super is easy

All your employee contributions can be made through QuickSuper or your preferred system so long as it’s SuperStream compliant. Simply follow these steps:

  1. Calculate your employee's Ordinary Time Earnings (OTE) per calendar month.
  2. Work out 9.5% of your employee's salary or OTE.
  3. Make the payments through QuickSuper (or an alternative SuperStream compliant system) at least once each quarter.
  4. The super you contribute is paid using SuperStream into your employees’ account in Virgin Money Super.

Information for your employees

It’s one thing to pick a default super fund for your business to meet your obligations. It’s just as important that you have the support and information you need to help your employees understand where their money is being invested. When you join Virgin Money Super, we’ll help you help your employees. Our information kit explains all they’ll need to know about Virgin Money Super, including our fees, insurance and investment options.

Gold Rated Super Fund by SuperRatings

Virgin Money Super is proud that the value we bring to our customers has been acknowledged. The independently run SuperRatings has awarded us with a Gold rating for 20172.

Super Ratings Super Ratings - Virgin's Gold Rating for 2017

Common FAQs for employers

Q.  How do I manage my employees' Super contributions?

As a default employer you can manage your employees’ Super contributions online 24/7, just head to ‘Login' on the top right and select ‘Super Employer'. If you’re unsure of your login details, please contact our Customer Care team on  1300 855 040 (9am to 5pm AEST, weekdays apart from public holidays). They'll be able to sort you out or you can reset you password online

Q.  What are the Virgin Money Super fund details?

To make employer contributions for a Virgin Money Super member you would usually need to know the following information:
  • Our Fund name: Virgin Money Super
  • Our Australian Business Number (ABN): 19 905 422 981
  • Our Unique Superannuation Identifier (USI): 19905422981701
  • Your employee’s Virgin Super member number (optional)

Q.  What are the fees for Virgin Money Super?


Q.  What are the Investment options for Virgin Money Super?

Q.  What Insurance option does Virgin Money Super have?

Get started now
with Virgin Money Super

Important stuff

The information above is intended as a guide only. If you are unsure about who you need to make contributions for we suggest you contact the ATO.

As an employer, it's important you fully understand your superannuation obligations as failure to meet these minimum requirements could mean financial penalties from the Government.

QuickSuper is a registered trademark and a product owned and operated by Westpac Banking Corporation ABN 33 007 457 141. Westpac’s terms and conditions applicable to the QuickSuper service are available after your eligibility for the free clearing house service is assessed by Virgin Money Super.

This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. As we don't know your financial needs we can’t advise if Virgin Money Super will suit you. Please consider the Product Disclosure Statement, Product Guide, Insurance Guide and Financial Services Guide before making a decision about the product. For further information about the insurance options refer to the Insurance Guide.

The Superannuation Fees described on the Fees page apply from 12 December 2016. Here you'll find the official Superannuation Industry (Supervision) Act 1993 ('SIS Act') definition for each fee type.

While there are no contribution, withdrawal or switching fees, a buy/sell spread applies at a fund level when purchasing and selling units. Other fees and costs may apply such as insurance fees. These are retained by the fund and are not paid to Virgin Money or the Trustee. All fees are inclusive of Goods and Services Tax (GST) and net of Reduced Input Tax Credits (RITC).

Before you rollover or consolidate your superannuation, you should check to see if insurance or other benefits will be impacted or lost. Some funds may also charge withdrawal or exit fees.

It is very important to note that superannuation is generally a long term investment. Past investment performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund. It is very important to note that superannuation is a generally long term investment and that past performance is not indicative of future performance.

Prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395 AFSL 286869. Virgin Money Super is a plan in the Mercer Super Trust ABN 19 905 422 981. Virgin Money Super is issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 AFSL 235906 as trustee of the Mercer Super Trust. For more information about Virgin Money Super, please refer to the PDS which is available free of charge on our website or by calling the Customer Care team on 1300 652 770.

Source: https://www.ato.gov.au/About-ATO/Research-and-statistics/In-detail/Super-statistics/Super-accounts-data/Super-accounts-data-overview/

SuperRatings award reflects a funds' value for money, and is awarded based on a rating system of investment, fees and service. SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria.

The amount shown is an estimate only of the Indirect Cost Ratio (ICR) generally expected to apply to these investments for 2016-2017 Financial Year.

Virgin Money Super’s fund returns shown above are net earnings and are calculated after the deduction of applicable taxes and costs. The results are current as at 31 January 2017. These results are provided by Virgin Money Super Asset consultants. It is very important to note that past performance is not indicative of future performance.

The median results are provided by SuperRatings and are current as at 30 June 2016 as a benchmark only. Virgin Money Super has not verified its accuracy so we can’t guarantee that it is correct, and accept no liability for inaccuracies, errors or omissions.

Eligibility crtieria and fees apply. Aged 15-64 Death and Total and Permanent Disablity cover. Automatic Insurance cover is subject to Exclusions including Pre-Existing Medical Condition exclusion. This means that, you won’t be covered for any illness, injury, condition or related symptom that you were aware of or should have been aware of, or had a medical consultation for, were planning to have a medical consultation for, or should have had a medical consultation for in the two years prior to cover commencement. See the Virgin Money Super Insurance Guide for more information.

Automatic Death & TPD cover for Australian residents aged 15-64 with our default insurance offering. Conditions and Exclusions (such as pre-existing medical conditions) apply. See the Virgin Money Super Insurance Guide for more information.

The case studies shown are hypothetical and are not meant to illustrate the circumstances of any particular individual. All claims will be assessed in accordance with the policy terms. In the event of any inconsistency with other material, the insurance policy terms will prevail.
For further information regarding Virgin Money Super’s insurance cover, including terms, conditions and eligibility, please refer to the Insurance Guide which forms part of the Product Disclosure Statement (PDS). The PDS is also available free of charge by contacting Customer Services on 1300 652 770.
This information is of a general nature and has been prepared without taking account of your personal needs, financial circumstances or objectives. Before acting on this information, you should consider the appropriateness of the information, having regard to your needs, financial circumstances and objectives. You should read the relevant Product Disclosure Statement available by calling 1300 652 770 and consider if this product is right for you before making a decision to acquire or continue to hold the product.