Questions & Answers |
What is Super? |
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Super is money earned over your lifetime and deferred until retirement. Visit the ATO website for more information (opens in a new window) |
How does super work? |
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When you start to work, your employer must pay to your chosen super fund a part of your salary or wages. Visit the ASIC's MoneySmart website for more information (opens in a new window) |
What is Superfund? |
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A Superfund is an organisation that invests your money into various things such as shares, property and managed funds to increase your retirement savings. Visit the ASIC's MoneySmart website for more information (opens in a new window) |
What types of Super funds exist? |
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There are many Super funds, so you can choose the most suitable for you. Visit the ASIC's MoneySmart website for more information (opens in a new window) |
Superannuation calculator |
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Can help you to understand how much super you will have in retirement. Visit the ASIC's MoneySmart website for more information (opens in a new window) |
What is a super contribution? |
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Super contributions:
Visit the ASIC's MoneySmart website for more information (opens in a new window) |
What fees may super funds charge? |
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Super funds may charge various fees to manage your account. Visit the ASIC's MoneySmart website for more information (opens in a new window) |
Super & Tax |
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Your Super can be taxed:
Visit the ATO website for more information (opens in a new window) |
Super Funds / Options |
Student SuperVisit siteVisit the Student Super website to find more information (opens in a new window) Features: Zero fees for balances under $1,000/ Mobile app available The standard fees for balances over $5,000 are $78 and 0.99% p.a. $1,000 - $4,999 - 50% discount to a flat dollar administration fee $39 + 0.99% of the account balance No automatic life insurance – to keep your fees low Read more: Fees |
QSuperVisit the QSuper website to find more information (opens in a new window) Features: No transaction or switching fees Insurance included: Death, TPD Fees per annual om $50 000 balance: $395 (based on 2019) Annual admin fee: 0.16% of balance p.a. Read more: Fees |
AustralianSuperVisit the AustralianSuper website to find more information (opens in a new window) Features: Easy fee structure/ Mobile app available Insurance included: Death, TPD, Income Protection Fees per annual om $50 000 balance: $417 (based on 2019) Administration fees: $137.65 Read more: Fees |
Future SuperVisit the Future Super website to find more information (opens in a new window) Features: Easy super consolidation/ Invests in sustainable companies Insurance included: Death, TPD, Income Protection Fees per annual om $50 000 balance: $958.60 (based on 2019) Admin fee: $93.60 + 0.65% of the balance per year Read more: Fees |
Virgin Money SuperVisit the Virgin Money Super website to find more information (opens in a new window) Features: Earn Velocity Points (Velocity Frequent Flyer Points)/ Low fees Insurance included: Death, TPD Fees per annual om $50 000 balance: $358 (based on 2019) Annual admin fee: $58 + 0.39% of balance Read more: Fees |
SunsuperVisit the SunSuper website to find more information (opens in a new window) Features: MySuper authorised/ Mobile app available/ Member benefits Fees per annual om $50 000 balance: $523 (based on 2019) Insurance included: Death, TPD Annual admin fee: $78 + 0.1% of balance p.a. Read more: Fees |
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