Boost your super

It’s never too late.

Thanks to tax concessions, government benefits and compounding interest, paying extra money into your super can be a great idea.

While it might seem that retirement is a long way off, the sooner you start, the better. 

Why it’s a good idea

  • When you retire you’ll need to live off the money you earn from your super which could be another 30 - 40 years
  • Because the cost of living increases, by the time you retire you’ll need more money than you think
  • When you retire you might want to travel, buy a new car or treat yourself with something a little extra, and
  • Due the tax benefits on super, it’s an excellent way to invest. 

What works best for you?

There are different options to boost your super.

Each option might suit you at different times in your life. 

Look to the tables below to see what will work for you.

SORT OUT YOUR SUPER

Opportunities

About

Benefit

Claim your lost super

We can find any lost super you might have on your behalf.

Find and dust off any unclaimed super you might have and put it to work for your retirement.

Rollover your super

Combine your super accounts into one.

Save on fees, reduce paperwork and make it easier to keep track of your super.

Selecting a suitable investment option

 

Select one or a combination of our investment options.

Selecting the right option(s) can allow your super to grow in line with your expectations.

Boost your super with your BEFORE-TAX INCOME

Opportunity

About

Benefit

May suit $ 

Salary sacrifice

You give up some pre-tax income (i.e. your take-home pay) and put it into your super instead (up to the relevant cap).

Boost super and if you’re a higher income earner, save on tax.

Those earning more than $37,000.

Boost your super with your AFTER-TAX INCOME

Opportunity

About

Benefit

May suit $

Personal contributions

Make a contribution to your LUCRF Super account using your after-tax money (up to the relevant cap).

Considerable boost to your super – may also entitle you to one of the benefits below.

Everyone.

Government co-contributions

For every $1 you contribute, you receive up to $0.50 from the government.

You can receive up to $500 from the government.

Those earning less than $51,021 pa.

Spouse contributions

If your spouse is on a low or no-income, you can contribute to their super account and receive a tax offset.

Boost your spouse’s super and you may receive an 18% tax offset up to $540

Those individuals whose spouse earns less than $13,800.

OTHER GOVERNMENT INITIATIVES

Opportunity

About

Benefit 

May suit $

Low Income Super Contributions

If you are eligible you may receive 15% of your before-tax contributions.

If a before-tax contribution is made, (this can include an SG contribution) you can receive up to $500 from the government.

Those earning less than $37,000.

If you need further help to work out what will give your super the boost it needs, contact us for free financial advice on 1300 130 780.