Understanding super

Learn how super works

Superannuation is money you save now for when you're ready to kick back and relax in retirement. Super is partly compulsory, and there are limits to how much you can contribute each year.

There are different types of contributions Rest can receive on your behalf, like employer contributions, voluntary contributions and the Government co-contribution.

There are also rules and limits about when you can take money out of your super, like when you reach a certain age or can't work due to permanent disability, and how much you can withdraw. To find out more, including information on withdrawals from super, visit

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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 bit your employer must pay into super for you) will be paid into a MySuper product.

Making contributions

Super can be a tax-effective way to save for your future thanks to government tax concessions. You can boost you 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.
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Transferring low balances to 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.


Insurance in super

Do you have insurance with your super?

Learn more about super

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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.

*The median super balance for men aged 60-64 years is $204,107 whereas for women in the same age group it is $146,900, a gap of 28 per cent. The Gender Superannuation Gap, Addressing the options KPMG, 2021.