3 ways to keep your super working, even if you’re not

Whether you’re between jobs, caring for family or taking a break, it doesn’t mean your super should stop too. Let’s look at some ways to keep you on track.

1. Government co-contributions

Find out if you’re eligible to receive up to $500 from the Government when you contribute up to $1,000 from your after-tax pay to your super.

If you’re a lower or middle-income earner, taking advantage of the government co-contribution scheme can be a great way to receive a boost to your super. There’s no paperwork, and it’s simple to do.

HOW TO CLAIM

Top up your super via BPAY® before 30 June
Lodge your tax return, and the ATO will determine if you’re eligible
Receive your co-contribution automatically in your super account.

Boosting your super via BPAY® is the quickest and easiest way to make contributions to your super account. Just remember, there are limits to how much you can contribute to your super each year.

Make a contribution via BPAY®

2. Review your investment options

Choose the right investment option for you.

Your super is your money, and you get to have a say in how it’s invested. While you may not always make regular contributions to your super, it continues to build – generating investment returns and compound interest. And with 12 investment options to choose from, plus our Direct Investment option — you can mix and match your investments to suit your goals.

BEFORE YOU INVEST

Learn the basics — Read up on our investment FAQs, and for even more information read our Investment Guide, PDS and TMD.
Understand your investment timeframe — As a general rule, the longer you plan to keep your super invested, the more risk you may be able to take. On the other hand, if you’re planning to access your super sooner, you might want to consider a lower risk approach.
Know your risk level — Investment options with higher levels of risk perform stronger over the long term, but may be more volatile over the short term.
Find out more tips — Read more about investment choice and see examples.

Switch your investments in MemberOnline

3. Spouse contributions (after-tax)

If your spouse makes a personal (after-tax) contribution to your super, they could be eligible to receive up to $540 as a tax offset.

If you earn less than $40,000 per year (including super and benefits), you can build your retirement savings by receiving a personal (after-tax) contribution from your spouse.

Your income	How much your spouse can claim
$37,000 or less	$540
$37,000–$40,000	Between $0–540
Over $40,000	$0

See if you’re eligible

RECEIVE A TOP UP FROM YOUR SPOUSE

First, give your spouse your BPAY® member contribution details (you can find them in MemberOnline or call us on 1300 360 149). Next, they can contribute to your account via BPAY® — simply enter the details and make the payment.

SUPER SPLITTING (BEFORE-TAX)

If your spouse is working, you can receive a portion of their super — with potential tax savings for your partner.

If your spouse is working, they can contribute some of their (before-tax) contributions to your super account. By sharing some of their regular super payments, you and your spouse can grow your super together — meaning more money to enjoy the things you love in retirement.

Get started with the Contribution splitting form

Seek financial advice — it’s included in your membership*

You might take a break, but you’re super won’t.

If you’re a CareSuper member, you can speak with us about super strategies and financial advice over the phone at no extra cost.* If your finances are more broad than super, you can also get in touch with a specialist financial planner who can help.^

Request a call-back today