BSB 805 050

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BSB 805 050

Superannuation Fund

What is a superannuation fund?

A superannuation fund is where personal superannuation (often simply known as ‘super’) is held to provide for the person's retirement.
Employers are obligated to pay money into a super account in their employees name, which is then managed by a super fund.

People’s Choice superannuation accounts are opened for members who would like to save for their own retirement – a self-managed super fund.

People's Choice offers business memberships for superannuation funds.

To get started, follow the steps below.

Step 1. Setting up the business membership for superannuation funds

To operate a superannuation account, a formal trust deed is required, which will state who are the trustees. The trustees can be an individual or a company.

Who are the trustees of your superannuation fund?

  • Individuals

Please ensure all individual trustees have had their ID verified in a branch. 
Once completed, you may be able to open the Super Fund membership by simply getting in touch - please proceed to step 2. 

All trustees must sign the membership application form.

  • Company

If the company (as the trustee of the super fund), is already a member with us, at least 2 of its directors (unless sole director operated) or 1 director together with the secretary need their ID verified  in a branch. 

Otherwise, a separate membership for the company needs to be opened – this can be done on the one application form together with the super fund membership.
Click here to follow the company membership process first and return to continue with Step 2 below.

All directors/trustees must sign the membership application form.

Step 2. Get a head start with your business membership

If you would like to get a head start, click the buttons below to download the application forms and have them handy when you reach out to us.

Business Membership Application 
Click the button below to download the application form. 


Step 3. Finalise the business account

To finalise the business account for your superannuation fund, simply drop in to a branch - find your nearest branch here. If you already prepared some of the application forms mentioned above, please have them at hand. 

People's Choice offers business memberships for super funds to prepare for your retirement.

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