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Leaving your employer?
April 2011
Have you ever wondered what happens to your super when you leave your employer? You’re moving on, but that doesn’t mean your super has to. If you’re a Plum member you can stay with us—in more than one way. Read on to find out how.
When you leave your employer plan you can stay with us as a member of the Personal Plan, or if you are retiring you can access the Plum Pension.
The Personal Plan—super that makes sense
Moving across to the Personal Plan means that you can continue to take advantage of the many benefits Plum offers. In most cases we will automatically bring across your existing level of insurance cover and your current investment strategy. You can also access a range of education and support tools via the website that can help you get active with your super.
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Our Personal Plan is more than just a place to keep your super, it’s an active account that allows you to make contributions at any time and receive regular contributions from your new employer. All you have to do is fill in a Choice of Fund form and give it your employer.
Joining the Personal Plan is easy
When you leave your employer sponsored Plan within Plum and your account balance is $2000 or more, your super will automatically be transferred across to the Personal Plan unless you choose otherwise.
We’ll write to you before this happens, and 30 days later we’ll transfer your balance. Shortly after the transfer you’ll receive a Personal Plan welcome kit which includes all the information you need to get active with your super. To find out more about the Personal Plan or to download the Product Disclosure Statement please click here.
Already a member of the Personal Plan?
If you’re currently not receiving employer contributions into your account and would like to, simply fill out a Choice of Fund form and return it to your employer.
Each time you change jobs, simply complete a Choice of Fund form and give it to your new employer.
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Leaving your employer because you’re approaching retirement?
If you’re retiring you may want to consider our Pension product. Our pension allows you to receive your retirement savings as an income stream instead of as a lump sum. You can even use our Pension product as part of a transition to retirement strategy.
If you’re not quite ready to completely retire why not consider a transition to retirement strategy? To find out about transitioning to retirement, please click here.
To find out more about the Pension or to download the Product Disclosure Statement, please click here.
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