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Pedestrian.tv
Business
Alyssa Forato

The Big Money Miss Aussies Make When Switching Jobs Or Accepting A Redundancy

June is right around the corner (WTF?), which means it’s prime time to start looking for a new gig if you’re sick of your job or have a boss you can’t stand. And that’s not just because it’s end of financial year, or when a bunch of Aussies pack their lives up and move over to London to live up their twenties overseas. Recent data from superannuation provider MLC reveals that Australians are up to five times more likely to switch jobs in the middle of the year than the rest of the year.

 

The data, which was recorded in 2025, found that 12 per cent of job changes occur in June, and more than one third of all job switches happen between the months of June to August. December was crowned the quietest month, with only two per cent of job switching occurring then.

I guess people are too preoccupied with silly season and end-of-year festivities to hop on LinkedIn.

Too busy planning the office Christmas party to look for a new job. (Image: Office Christmas Party)

MLC’s research also coincides with data from the Australia Bureau of Statistics that shows job vacancies were up nearly three per cent from November 2025, the highest level since November 2024. And with Australian employers taking an average of five weeks to hire for permanent full-time positions — and two to three months for more senior roles — June is a strategic window to pivot into a new career position.

New Job? You Might Want To Consider Switching Your Super

MLC Super CEO Dave Woodall pointed out that while you’re changing jobs, it’s a good time to reassess your super fund and check if it aligns with your current lifestyle.

“Changing jobs is one of the few moments when Australians naturally stop to check and update a range of paperwork,” he said in a statement.

“It’s the perfect time to check that their super — one of the biggest assets most people will ever have — is in the right fund, invested appropriately and has the right insurances for them. A quick five‑minute check now can make a five‑figure difference later.”

Woodall called superannuation a “money blind spot”. He claimed that while people regularly update their phone plan and bank account to get a better deal, they often leave their super on autopilot, potentially losing out in the long run.

“Your superannuation is built day-by-day, decision-by-decision. Every time you start a new job, you’re making one of those decisions — and it can have a compounding impact on your future financial security,” Woodall said.

Me trying to figure out the difference between super funds. (Image: Senhora do Destino)

If you’re currently applying for positions or gearing up to start a new job, Woodall suggests putting some time aside to review your current super fund to make sure you’re maximising your earning potential.

MLC Super has made a job switch checklist to make sure that you’re milking your super for all it’s worth.

MLC’s Job Switch Super Checklist:

1. Review Whether Your “Stapled” Fund Is Still Right For You

Your super follows you from place to place automatically, but that doesn’t mean it’s the best fit for your new role, industry, salary or life stage. It’s best to check your current super fund’s long‑term investment performance and fees, as well as any other benefits it may offer.

2. Keep Your Super In One Place

When filling out the paperwork for your new employer, complete the Standard Choice form during onboarding to tell them which fund to pay into rather than start a new super fund with their default supplier. This is also a good time to consolidate old accounts you might have to avoid duplicate fees and do a quick check to see if you have any lost super with the ATO.

3. Compare Your Existing Fund To Your New Employer’s Default

Some employers negotiate lower fees, subsidised insurance or member benefits within their workplace super option, so compare this against your current fund to see which is a better deal for you.

4. Understand Your New Employer’s Super Benefits

Many workplaces offer contribution matching, paid insurance premiums, or access to financial education or advice. Check your contract or onboarding pack, and if unsure, chat to your new employer’s HR or recruitment team.

5. Review Your Insurance That Comes With Your Super

Most Australians hold insurance (like death or income protection) through their super. Coverage and premiums can change with a new occupation, so it’s worth reviewing your settings to make sure your insurance is still relevant for you.

If you’re searching for a new job and already updating your tax file declaration and giving your LinkedIn profile a facelift, you might as well take five minutes to make sure your future self isn’t footing the bill for your current laziness.

Brought to you by our mates at Adelaide University. Study on your terms with 100% online degrees.

Image credit: The Office

The post The Big Money Miss Aussies Make When Switching Jobs Or Accepting A Redundancy appeared first on PEDESTRIAN.TV .

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