Change, but no change

Some things can stay the same

Starting a new job is an exciting time but can come with a lot of change and complexity. One thing that doesn’t have to change is your super fund. Take Essential Super with you from job to job with this simple checklist

And, if you’re still looking for your next role, here’s some tips to take you from job search to your first week.  

Why is your super important?

It's your money

  • Generally 9.5% of your pay goes towards your super, even if you work part time
  • Your super, your choice – generally you can choose which fund your employer pays your super into
  • If you don’t make a choice your super will be paid into a fund of your employer’s choosing. This could mean you end up with multiple super funds, which may also mean multiple sets of fees

Keep reading

Check out this calculator to see how much super you should be receiving.

Why Essential super? 

Simple and easy to manage

Essential Super is an easy to understand, straightforward super account. You can see it next to your everyday accounts on the CommBank app or in NetBank, so you always know what your super is up to.

Most importantly, if you change jobs you can take your Essential Super account with you. Having the one account makes it easier to keep track of your super.

Easy steps you can take

Already a member? It’s super easy to take Essential Super to your new job

  1. Log on to the Commbank app and select your Essential Super account
  2. Tap ‘Share account details with employer’
  3. Email or download your pre-completed form which has all the details your employer needs

You can also access a copy of your  form in NetBankWatch our short video to see it all in action.

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Finding the one home for all your super

Everything in one place

If you’ve ever changed jobs, chances are you may have more than one super account and may have lost track of some. Multiple accounts may mean multiple fees, so before you start your next job, consider bringing all your super together* in the one place so it’s super easy to keep track of.

Search for lost super

Haven’t landed that next job yet? 

Top tips for each stage of the process

  1. The beginning: Know you want a new start, but not sure what?
    Hone in on your passions and strengths. Keep reading for tips on finding a job you’ll love
  2. The resume: Customise, customise, customise
    Don’t use the same resume for each job you apply for. Using key words from the job ad or company website will help you stand out. Keep reading
  3. The interview: Nail it by preparing
    Familiarise yourself with the company website, values, and have some questions you can ask. Ensure you have examples from your current role that fits within the job ad. Keep reading 
  4. The first week: Sweet, you’ve landed your dream job – now what?
    Your first week can be daunting – new faces, new offices and new rules. Get to know your colleagues and ask questions. Read on for 5 questions to ask your new boss and check out the new job super checklist

Things you should know

*Important things to consider before consolidating your super: Remember, before you make a decision to consolidate your super, you should compare the costs, fees, risks and benefits of your other super funds against Essential Super. It makes sense to consider whether you can replace any insurance cover you may lose upon rolling over, potential costs for withdrawing from other super funds, as well as any investment or tax implications. Please see the Product Disclosure Statement for specific terms that apply to insurance cover in Essential Super, including what's not covered. For example, a benefit won't be paid for any illness, injury or condition that existed in the 3 years immediately before the date your insurance cover commences, recommences or increases. You should also decide which super fund you want your employer to pay your future employer contributions to and complete a Super Choice form if necessary.

Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of interests in Commonwealth Essential Super ABN 56 601 925 435. This information is not financial product advice and does not take into account any person’s individual objectives, financial circumstances or needs. You should read the Product Disclosure Statement (PDS) for Commonwealth Essential Super and consider talking to a financial adviser before deciding whether to acquire or continue to hold this product. Click here to download the PDS, collect one from any branch of the Commonwealth Bank or call us on 13 4074 and we’ll post one out to you. Colonial First State is a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (‘the Bank’). The Bank and its subsidiaries do not guarantee the performance of Essential Super or the repayment of capital by Essential Super. An investment in Essential Super is via a superannuation trust and is therefore not an investment in, deposit with or other liability of the Bank or its subsidiaries.  An investment in Essential Super is subject to risk, loss of income and capital invested.