A minimum of 9% of your salary must be paid into a superannuation fund each year. This will grow over time to be a substantial asset, potentially more valuable than your home.

So it makes good sense to know your entitlements and obligations today. For instance, did you know,

• your super fund trustee is not bound to pay your death benefit to the beneficiaries specified in your will;
• defactos and former partners can claim death benefits from your super fund trustee;
• if you are no longer able to work due to an accident or illness, you may be entitled to claim a lump sum or pension from your super fund;
• anti-discrimination laws can be used to challenge decisions made by a super fund trustee;
• under current government proposals, your employer must offer you four choices of super funds;
• you can run your own personal super fund.

The superannuation industry is heavily regulated, highly complex and constantly changing.

Connolly Suthers' Commercial Department provides practical, easy to understand advice to trustees, financial planners, accountants, superannuation administrators and fund members alike.

For more information on your superannuation entitlements and obligations, just ask us.

Paul Radford