Boosting your super balance
As we approach the end of another financial year, there are some things to consider if you’re planning to make extra contributions.
life
Baby on the way? Did you know HESTA members may be eligible to get up to a 12-month break from paying insurance fees while they’re on parental leave?
Bringing your baby home is one of life’s most amazing adventures. And with your hands full, you really don’t need to be worrying about life’s less happy ones (like sudden illness or injury).
That’s why we waive your insurance cover fees during parental leave for up to 12 months. That means your cover continues even while you’re away from work, and you won’t pay a cent in insurance fees from your super.
It’s our way of helping keep your growing family safe and your super where it belongs, so you can focus on what really matters.
Already with HESTA (and ready to welcome a new person?)
Here’s how to organise your 12-month insurance cover fee waiver.
You can get your insurance cover fees waived during parental leave if:
- you’re employed and
- your parental leave is approved by your employer, and
- your insurance cover is current.
You’ll find all the details in Insurance options (PDF).
They’ll just need to complete the Notification of parental leave form (PDF).
Then we can swing into action and put your fees on hold.
Your insurance cover fee waiver continues while on parental leave for up to 12 months.
heard about spouse contributions?
While you're on parental leave, it might make sense for your spouse to give your super a top up. And there may be tax benefits for the contributing spouse too.
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