Hostplus
David Elia
Managing super effectively with Hostplus
changes as the proposed laws progress through parliament.
How to ensure your super benefits are paid to the right person Choosing who should receive your super benefits after you pass away is an important step in setting up a super account. This is called nominating a beneficiary, and there are two types of nominations: binding and non-binding. A valid binding nomination requires your super fund to pay your super benefits to the person, or people, nominated (provided they’re a beneficiary under super law). By completing a binding nomination, a person can ensure their super benefits are paid in accordance with their wishes once they pass away. The person, or people, nominated would receive their remaining super balance, including any insurance payments, based on the percentage allocated to them in the nomination. A valid beneficiary can be their spouse, child, any person who is financially dependent, or their legal personal representative. Binding nominations require a little more paperwork. At Hostplus, they need to be renewed every three years and signed by two witnesses. Members should also review their nomination regularly, to ensure it still reflects their wishes. However, binding nominations give greater certainty over where a death benefit is paid, and can speed up the payment process. Non-binding nominations are not legally binding. Other factors, like your relationships and any financial dependants, will also be considered. Hostplus members can make binding nominations via a form. Non-binding nominations can also be made through Member Online. You can find out more at hostplus.com.au/beneficiaries . Hostplus has also created a toolkit for employers to provide more information to their staff. You can find the beneficiaries toolkits and more on the Employer Education Hub. Just visit hostplus.com.au/supertoolkits . Disclaimers Awards and ratings are only one factor to consider when choosing a super fund. Visit hostplus.com. au/awards for awards criteria and disclaimers. This information is general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Product Disclosure Statement and Target Market Determination, available at hostplus.com.au/pds and hostplus.com.au/ddo before making a decision about Hostplus.
A win for Hostplus is a win for members Money magazine recently recognised Hostplus for delivering strong performance and innovative solutions to members. Every year, Money magazine reviews over 300 super products to find Australia’s best. The Hostplus Balanced (MySuper) option won Money magazine’s Best MySuper Single Strategy Product 2025. Hostplus’ Indexed Balanced option took home Best Balanced Super Product 2025. These awards recognise the short and long-term performance of these products. SuperSmart, Hostplus’ education and advice tool, was also recognised. It won the Innovation in Superannuation Education 2025 award.
Find out how Hostplus has been recognised for delivering great value to its members at hostplus.com.au/awards
Helping employers get ahead of Payday Super Important changes are proposed to the way all employers must pay their employees’ superannuation. If legislated, these changes, known as the Payday Super reforms, are expected to take effect on 1 July 2026. With a federal election looming, it’s not yet known if these reforms will become law. Nonetheless, Hostplus is getting in early to help employers and members prepare. The Payday Super reforms were first announced in the 2023 Federal Budget. These reforms will require employers to align Super Guarantee (SG) payments with regular pay cycles. This means all employers will need to pay SG contributions at the same time as salary and wages, replacing the current system which requires super to be paid at least quarterly. Under the new requirements, contributions will need to reach employees’ funds within seven calendar days of payday. New employees will have an extended timeframe of 14 days. The reforms aim to fix the non-payment and underpayment of super. The government believes this will strengthen Australia’s super system and improve retirement outcomes. At the time of writing, Payday Super has not yet been legislated. But Hostplus is on hand to help employers stay updated on Payday Super. Visit hostplus.com.au/payday- super to find the information you need, including any further
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Issued by Host-Plus Pty Limited ABN 79 008 634 704,as trustee for the Hostplus Superannuation Fund ABN 68 657 495 890,.
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