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How can I increase my super?
There are several popular methods to make extra contributions into your super:
- Salary Sacrifice - an agreement between you and your employer to make contributions from before tax salary.
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After-tax contributions - after tax contributions may make you eligible for co-contributions, designed to boost the super of low-income earners.
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Spouse contributions - spouse contributions may entitle you to a tax rebate of up to $540. |
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What is Salary Sacrifice?
Salary Sacrifice is an arrangement between you and your employer. You transfer part of your BEFORE tax salary into super to gain tax benefits.
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What are Co-contributions?
Co-contributions are special payments made by the government to super accounts of members whose assessable income is less than $58,000 and who make personal contributions from their after tax salary.
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What are Spouse contributions?
If you are employed and your eligible spouse is either not working or earning less than $13,800 per year, you can contribute to their super and get up to $540 tax rebate a year.
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Contact our Member Services team on (03) 9911 3222 (regional callers 1300 300 820) for more information on any of the above, or if you have more questions.
