Setting up your default super fund

How to set up your default super fund

Decide whether you need a way to pay your employees super contributions, or if you want to use your own platform. Rest can provide access to a super contributions platform at no cost.
Visit rest.com.au/employer/join and choose the option that’s right for you to get started.

Once you’ve set up, be sure to share the Standard Choice Form with employees who are eligible to choose a super fund. For new employees, it’ll need to be within 28 days of their start date.

Even though most employees will either choose a super fund or have a stapled fund, you’ll still need a default fund for those who don’t. This helps you meet the due dates for super payments and avoid potential penalties.

For compliance, your default super fund must be registered by with the Australian Prudential Regulation Authority and offer a MySuper product, so it’s important to choose carefully. For Rest, this is our Growth investment option.

Additionally, the default super fund you choose can have a long-term impact on your employees’ retirement savings. Key factors like a fund’s fees, investment performance, available investment options, and insurance cover can make a difference over time.

Other features such as digital tools, member services, and educational resources can go a long way in shaping your employees’ super experience. Choosing a fund that’s competitive in these areas can help provide better support for their future.

A history of competitive long-term performance – Rest's Growth investment option has delivered 8.36% p.a.* since we first started in 1988, helping members to feel confident that their retirement savings are growing over time.

Real people, real support – Whether you’re onboarding new staff, troubleshooting or just after a quick answer – our local teams give genuine support.

Tools to keep your employees in touch – From the Rest App to Rest Advice and set-up help – when your employees join Rest, we handle the hard questions, so you can focus on business.

Admin that fits your workflow – Rest Pay^ is our new clearing house solution that’s designed to make super contributions easier. It’s a simple platform that allows you to pay super at the same time as wages, to comply with Payday Super laws.

*Rest's Growth investment option has delivered 8.36% p.a.* since we first started in 1988, helping members to feel confident that their retirement savings are growing over time.

^Rest Pay is the brand name for the clearing house solution provided by Wrkr Ltd (ABN 50 611 202 414) and ClickSuper Pty Ltd (ABN 48 122 693 985, AFSL 337805) trading as Wrkr PAY. The clearing house solution includes the Clearing House issued by ClickSuper Pty Ltd and the PDS is available at restsuper.zendesk.com (Help Guides) or you can click here. You should consider the PDS before deciding whether to use or keep using the Clearing House. Wrkr Ltd and ClickSuper Pty Ltd are solely responsible for the clearing house solution.

Why employers choose Rest

Running a business is hard work. Choosing super doesn't have to be.

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Benefits for employers

We aim to make it easy for employers to manage their super obligations so they can focus on what's important - running their business. Discover more benefits.