By law, all employers need to contribute at least 9.5% of your ordinary times earnings into super. You can maximise the value of this contribution by choosing the right fund for you.
Voluntary after-tax contributions
You can add to your super from your after-tax income on a one-off basis or regularly. Depending on your situation, voluntary after-tax contributions could be a good way for you to grow your super balance.
Depending on your income, you may be eligible for an extra super contribution from the Government of up to $500.
Low income super tax offset
To help you save for your retirement, the Government could boost your super savings by giving you a low income super tax offset.
When you set up a regular salary sacrifice payment with your employer, you pay ("sacrifice") some of your pre-tax salary into your super account rather than receiving it as take-home pay. It can be a smart way to boost your super and reduce your taxable income. You can also put pre-tax money into your super account by making a voluntary contribution, then claiming a tax deduction-see tax deductable contributions below.
Tax deductable contributions
You will be able to claim a tax deduction on some or all of the after tax contributions you pay into super account. It’s a great way to make the most of your future, while saving right now.
You can a build a better future together by contributing to your spouse’s super. And just by doing this, you could get a handy tax offset in the process.
Check if adding a little extra into your super could reduce your income tax, or get you a government co-contribution payment, and help you achieve your dream retirement.
We make it easy to stay in touch with your super anywhere, anytime with Member Online.