What is a stapled super fund?

A stapled super fund is a super account that has been linked to an individual employee via the ATO. It is a super account that can follow an employee from job to job. Employers are able to request an employees stapled super fund when their employee has not provided a choice in super and they require an account to pay the employees super contributions into.

Context

Xonboard automates the process of requesting an employee's stapled super fund. What this means is that Xonboard will automatically request an employee's stapled super fund from the ATO, and then presents it to them as an option when making their choice of super.

This helps employees find their existing super fund details instantly. They can then opt to choose their stapled fund membership directly within the super choice form.

Stapled super fund details come validated straight from the ATO, reducing the risk of manual errors and downstream issues with payroll.

Completing a stapling request is also required before you can set an employee up with the default fund provider in instances they do not provide a choice of super. Having this automated will mean you have already met your compliance obligations in requesting their stapled fund details before registering them with the default.

🎓 To learn more about stapled super funds, check out the ATO website.

Questions

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