Did you know...
Salary sacrificing may allow you to increase your super, without reducing your take home pay.
Julie Berry
QSuper member since 1981
Is your super as healthy as you'd like? If not, there are many ways you can boost it. Depending on your circumstances, some may be more effective than others.
These are contributions made as part of your conditions of employment and are usually a percentage of your salary.
Co-contributions are payments made by the Commonwealth Government into your super account when you make personal contributions and meet eligibility criteria.
Salary sacrificing allows you to make your super contributions before income tax is deducted from your pay.
These are contributions you make voluntarily as a dollar amount rather than as a percentage of your salary.
You can contribute into your spouse's account, or open one for them, to help build their super savings, and perhaps gain a tax offset for yourself.
Catching up (Defined Benefit account only)
If you contribute less than the standard amount, you can increase your contributions later, in order to catch up.
Self-employed members can contribute to their QSuper account, even if they no longer work for the Queensland Government.
The Commonwealth Government has set caps on the amount of contributions you can make to super without having to pay extra tax.