Understanding super
Learn how super works
Choosing your fund
You can usually choose which super fund you'd like to be in. Sometimes, your conditions of employment will decide which fund.
If you don't have a choice or don't tell your employer where you want your super to go, your Superannuation Guarantee contributions (the super your employer must pay into your fund) will be paid into a MySuper product instead.
Making contributions
Super can be tax-effective way to save for your future thanks to government tax concessions. You can boost your super further by:
• contributing extra money from your before-tax salary. This is called 'salary sacrifice' and may even reduce your tax.
• adding other savings (after-tax) into your Rest account - you may even be eligible for the government co-contribution if you do this.
Transferring low balance to the ATO
If your balance is under $6,000 on 30 June or 31 December, and you do not have insurance, your account balance will be transferred to the Australian Taxation Office (ATO) unless there is activity on your account over the past 16 months.
Super 101
Superannuation is going to play a big part of your future, so it’s important you get to know the basics.
Super and changing jobs
Landed a new job? You can take your super fund with you. Read our step-by-step guide on what happens to your super when changing jobs.
Super and having a baby
While nothing can quite prepare you for all the changes ahead, there are a few simple things you can do now to keep your super ticking along if you’re taking time out from the workplace.
How to nominate a beneficiary
You can decide where any remaining super should go in case something may happen to you.
Let’s level the playing field between men and women’s super
On average, women in their early 60s are retiring with 28% less super than men the same age*. It’s time to get on the side of fairness. See how you can be a team player.