Redundancy: what happens to my super?

Is super included with my termination payments?

Generally not. According to the Australian Taxation Office (ATO), any payments for unused annual leave, unused long service leave, unused sick leave and redundancy payments are not considered part of your Ordinary Time Earnings (OTE). This also applies to any payments made to compensate for unfair dismissal.

Is super included with pay in lieu of notice?

Yes, such payments are part of your OTE. This means your employer must include them in your Super Guarantee (SG) calculation. 

What will happen to my insurance?

• If your account includes Death or TPD insurance cover, the law requires us to cancel it you don't make any contributions for 16 continuous months. 
• Remember, premiums are deducted every month – so make sure you have sufficient balance, or insurance could be cancelled.
• We might also cancel it under certain other conditions.

What happens if I have a low balance?

By law, we’re required to report and transfer the balance to the ATO. However, only if there’s less than $6000 in your super account and we can't contact you. Rest assured, the money remains yours – and you can easily claim it back.

Can I make a one-off contribution?

Yes – anytime you want to add to your super, it only takes a few easy steps.

Where can I find out more?

You can read through a concise guide to redundancy at the Australian Tax Office website.