Your employer contributes a minimum of 11% to your super, but these super contributions alone may not be enough to give you a healthy 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 super 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
Ask your employer to set up salary sacrifice directly from your before-tax pay or salary.
Set up one-off or recurring payments into your superannuation via BPAY® or direct debit from your bank account.
Could your super savings get a $500 boost from the government? Find out if you’re eligible for a co-contribution. That’s where if you put some money in, the government could too.
other ways to contribute and grow your super
Combine your super
Combining your super means you’ll stop paying multiple fees and costs 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.
You may be able to make a downsizer contribution into your super account if you sell your family home. Scaling back to unlock some extra cash can make sense. But adding six-figure sums to your super after a certain age needs a lot of thought.