There are a number of ways you can grow your super to make a positive difference to your lifestyle in retirement.
If you are, or have been employed, you should make the most of employer’s contributions by:
checking your employer’s super guarantee contributions are paid into your fund
letting us know if you have unpaid super from your employer
keeping track of your super and search for any lost or ATO-held super.
To actively grow your super, take steps to investigate:
a salary sacrifice arrangement with your employer
making your own personal contributions
checking if you ‘re eligible for government contributions
transferring money from foreign super accounts.
Your spouse may also be able to make a contribution to your super.
Limits or caps apply on the amounts that can be contributed to your super each financial year. If you go over these caps, you may have to pay extra tax.
Find out about:
See also:
MoneySmart.gov.auExternal Link – to access financial guidance and tools, including super estimators