Taking a career break

Keep nurturing your super account even when you’re on leave.

When your pay stops, your super doesn’t have to

If you’re thinking about parental leave, gardening leave or some other extended break from your work, think about how to keep your retirement savings growing during your leave.

Tipping regular contributions into your super account during a career break helps protect and grow your super balance while you’re not receiving employee contributions.

Start by asking your employer about their extended leave policies

If you’re going on maternity or primary carer’s leave, find out whether your employer pays super as part of your leave arrangements.  

Although this is not widespread in Australia, it’s considered a best practice workplace policy by the Australian Government Fair Work Ombudsman.

You may be eligible for tax offsets or government incentives that boost the impact of these contributions. Talk to a tax adviser about what’s right for both of you and visit The Australian Taxation Office website and ASIC’s MoneySmart website for more information.

Consider the pros and cons of making personal contributions

If you have a partner, look into whether it’s a good idea for them to make after-tax contributions into your super account while you’re away from work.

You may be eligible for tax offsets or government incentives that boost the impact of these contributions. Talk to a tax adviser about what’s right for both of you and visit The Australian Taxation Office website and ASIC’s MoneySmart website for more information..

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