Your employer contributes a minimum of 10% to your super, but these contributions alone may not be enough to give you a healthy super balance in retirement. A little extra now can go a long way tomorrow.
What you contribute today can add up to a whole lot more in retirement. Your extra contributions could benefit from compounding, which is investment returns earned on your investment returns.*
There are a few ways you can boost your super with extra super contributions, and you can make extra contributions to your super at any time.
The two main ways you can contribute to your super
Before-tax super contributions
Ask your employer to set up salary sacrifice directly from your before-tax pay or salary.
After-tax super contributions
Set up one-off or recurring payments into your super via BPAY® or direct debit from your bank account.
Watch the video for a quick summary
other ways to contribute and grow your super
Combine your super
One small but significant step you can take to grow your super is to combine your super accounts. Combining your super means you’ll stop paying multiple fees across multiple super accounts. It’s easy to do and only takes a few minutes.
If you’re not working, are the main caregiver for your family or you’re working part-time, your spouse or partner may be able to make extra contributions for you.
Could your partner split some of their super contributions into your account? It's a great way to boost your super if you currently don't work, are on a low income or nearing retirement.
* Past performance is not a reliable indicator of future performance. Investments may go up or down.