Grow your super

Whether retirement’s a speck on the horizon or coming soon, there’s options you can take to set up future you.

Grow your own way

There are plenty of ways you can add to your super balance today to achieve the retirement lifestyle you want down the road.

Most employers currently contribute 9.5% of your salary into your super account via the compulsory Superannuation Guarantee (SG) payments. However, this might not be enough if you have particular retirement goals in mind. By boosting your balance with voluntary contributions, you may have more money to live the way you want, once you stop working.

There’s a number of ways to add to your super. Before you make any extra contributions, you should consider your debt levels as well as current and future financial commitments.

Adding to your super

A little top up now may mean more later on. Learn why it may be a good idea to add to your super now, for the life you want tomorrow.

Adding to your super

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Make after-tax contributions 

Adding to your super with take-home pay can be a great way to turn little amounts into big savings when you're ready to retire.

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Start salary sacrificing

If you can afford to take home a little less pay, think about “sacrificing” some of your salary and sending it straight to your super account.

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Add to your partner’s super

Taking a break from work? Your super savings don't have to. Your partner can split their contributions with you – and you can return the favour.

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Tax and super

You can make contributions on top of your employer's SG payments in two ways:

  1. After tax

    You can contribute with money that's already in your pocket. This means it's already been taxed by the Government. You can add as much or as little as you want, as often as you want

  2. Before tax (salary sacrificing)

    You can contribute with some of your salary that hasn't gone into your pocket yet. This means it goes straight to your super account and also gets taxed there, usually at a lower rate

  • Which way is right for me?

    There are a few reasons why you might make an after-tax contribution over sacrificing some of your salary (or vice versa).

    Reasons to consider after-tax contributions:
    1. You’re a low-income earner. This means you don’t get taxed a lot, so what you save on tax through salary sacrificing isn’t worth taking home less pay.
    2. You're eligible for the Government co-contribution, which is an amount the Government contributes to your super.
    3. You’re not locked into scheduled contributions and can make one-off payments whenever you want to.
    4. Your employer doesn’t offer salary sacrificing arrangements.
    Reasons to consider salary sacrificing:
    1. You may be getting taxed a decent amount, so whatever tax savings you may be eligible for through salary sacrificing might not be worth it.
    2. You save on tax by lowering your overall taxable income, as more of it is going into your super balance.
    3. You prefer to add to your super in a way that's hands-off, with automatic scheduled payments made by your employer.

    Before making an after-tax or salary sacrificed contribution, you need to be aware of the contribution caps that apply. If you exceed the cap, you may need to pay extra tax.

    Super contribution limits - pdf, 244KB

    The Government limits the amount you can contribute to super, as well as the tax benefits available.

See if you’ll have enough income in retirement in just a few minutes.

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Add to your super and retire with more - PDF, 296KB

Grow with confidence

Super in a few places isn’t just messier – it’s a lot more costly. Consolidate with us and take control of your super.

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