Super and taking time out to travel

If you’re going away for a few months or a few years, super might not be top of your list of things to consider. Don’t forget about your super though as it’s important to keep it ticking over. By doing a few quick, simple things now, you can add thousands of dollars to your savings later.

Combine your super accounts

Having more than one super account means paying multiple sets of fees and it’s easy to lose track of them. By combining them you could potentially save yourself hundreds of dollars a year in fees and thousands of dollars over the longer term.

Before combining your super you should check how it might affect your insurance in your other funds and if they have any exit fees. If you have any questions we recommend you have a chat with a financial adviser.

Keep your super ticking over

If you’re overseas for a long time and there’s no activity in your super account for five years, and your fund is unable to contact you, the ATO may flag your super as lost.

Setting up a small direct debit can remedy this and make a big difference to your super. Even a few dollars a week can add up to thousands extra over the years as it gives you the potential to ‘compound’ your investment returns.


Super and working abroad

If you’re an Australian permanent resident or citizen heading overseas, your super remains subject to the same rules, even if you’re leaving Australia permanently. Your super will remain in your super fund/s until you reach preservation age and are eligible to access it.

Can I contribute while I’m away?

Yes, and this will help your balance continue to grow and to cover any insurance premiums being deducted.

Working overseas for an Australian employer

If your Australian employer sends you to work in another country, usually they’ll still be required to make Superannuation Guarantee payments into your super account.

Working overseas for a non-Australian employer

If you’re working for a non-Australian employer it is unlikely they’ll pay into your Australian super account. You can still continue to add contributions yourself though, through direct debits or BPAY® options.

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Rest members now have access to 10% off travel insurance with Good2Go

Got an adventure planned and need travel insurance? Rest members now have access to discounted Travel Insurance from Good2Go.

To get 10% Off with Good2Go, please visit Rewards section in the Rest App

Voluntary contributions

Whether retirement is some time away or it’s on the horizon, a little boost now, could add up to thousands of dollars later.

Want to learn more?