Choosing a default super fund for you and your employees

Superannuation builds up throughout your employees’ working lives, so choosing the right default fund for your business is important for everyone.

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As an employer, you must nominate a super fund for those employees who can't or don't choose their own fund into which you’ll pay their future super contributions. This fund is called your employer default fund.

Top things to consider when choosing your business default superannuation fund:

  • Easy administration

    When choosing your business default super fund, it’s a good idea to consider what system the fund has in place to ensure you don’t spend too much time on administration. Your default fund should make managing super quick and easy.

    Virgin Money Super provides access to our QuickSuper Clearing House solution, an easy online system available 24/7, so you can reduce the time you spend on super admin and spend more time focusing on building your business.

  • Benefits for your employees

    Super fees

    Small savings in fees and costs can have a big impact on your employees’ super balances when they retire. When considering which default fund to join, you should compare fees and costs across a number of funds.

    Virgin Money Super says NO to expensive, complex and unnecessary fees that eat away at your employees' retirement savings.

    More on fees

    Super investment options

    We understand that everyone likes to manage their money a little bit differently. Virgin Money Super offers your employees a range of investment options allowing them to take as little or as much control as they like. Plus, we offer simple super advice to help them make informed decisions about how to manage their money for the future.

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    Super performance

    Comparing the performance of super funds is important when looking at the fund you choose for your employees. Take the time to look at and compare the performance of Virgin Money Super.

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    Super insurance options

    We'll help your employees protect their loved ones by offering a range of insurance options.

    Once your employees become Virgin Money Super customers, they’ll receive automatic insurance6 - that means no medicals. And their premiums are paid from their super. If they need additional or more specific cover, they can tailor their insurance cover too. Have a look at the flexibility and support we offer.

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  • We are a MySuper compliant fund

    From 1 January 2014, all employers must pay contributions into a MySuper authorised product for any employee who, at the time of employment, has not chosen their own superannuation fund.

    Virgin Money Super ensures you’re able to meet these obligations, without any hassle. Our LifeStage Tracker® option is an authorised MySuper compliant product.

    What is MySuper?

    1. A single diversified investment option.
    2. Same fees for all – fees must be the same for all members and there must be no entry fees, adviser fees or commissions.
    3. Automatic insurance – to ensure all members are protected, Automatic Death and Total & Permanent Disablement Insurance will be added to every account which members can tailor or opt-out completely.

    For more information on our LifeStage Tracker® investment option, check out the investments section.


3 simple steps to join

Virgin Money Superannuation - Employers: Complete the online application form

Complete the online application form

Virgin Money Superannuation - Employers: Set up QuickSuper

Set up QuickSuper (Virgin Money Super Clearing House) online in 5 minutes

Virgin Money Superannuation - Employers: Start making contributions for your employees through QuickSuper

Start making contributions for your employees through QuickSuper

Get started now with Virgin Money Super

More about Virgin Money Super

Virgin Money Superannuation - Being SuperStream compliant

Being SuperStream compliant

Find out more

Virgin Money Superannuation - Setting up your employees

Setting up your employees

Find out more

Virgin Money Superannuation: Information for your employees

Information for your employees

Find out more

Got questions?
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Business Specialists

Talk to one of our Business Specialists on 1300 855 040
Mon-Fri 9am-5pm (AEST) apart from public holidays.