Stapled super fund¶
Definition. A stapled super fund is an existing super account that the ATO links, or "staples", to an employee so it follows them from job to job when they have not chosen a fund.
In plain English¶
When someone starts a new job and does not pick a super fund, their employer can ask the ATO for their stapled fund. This is the super account they already have, so the employer pays into it instead of opening a brand-new one. Stapling helps stop people ending up with lots of small super accounts and extra fees.
Related lessons¶
General information only — not tax, super or financial advice.
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