Hey SUPER human! Let’s talk super.

What is superannuation? Superannuation AKA 'super' is money that you regularly set aside for retirement. Over time, this money is put in a mix of investments to help your super grow.

So, how does super work?

  1. From the moment you start working, you’ll have a super account set up. Throughout your working life, this is where money will be added by your employer to go towards your retirement.
  2. Your employer will automatically make contributions to your super*. When you get paid, a compulsory 11% of your income is added right into your super account.
  3. You can add more money to your super account any time you like.
  4. The money in your super account is invested in a range of assets all aimed at growing your balance. The bigger your balance, the bigger your retirement nest egg will be. You can select an investment option that suits you. More on that later!
  5. Your super account can also come with different types of insurance cover that can help you if something happens to you, such as becoming unable to work permanently.
  6. As you get closer to leaving the workforce, you can switch to a Transition to Retirement account. If you’re ready to permanently retire, you can get an Account-Based Pension to start paying yourself a regular income in retirement.

*To be eligible for super you must be 18 years or older. If you're a private or domestic worker, or are under the age of 18 you must work more than 30 hours per week.

Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. Salary sacrifice may affect some Government benefits and employee benefits. Consider getting financial advice before deciding what’s right for you.

Take control of your super

Be a one fund payer

It's a good idea to stick with one super fund. Why? Well first, there's less life admin to deal with! Plus, you could save money on multiple sets of fees that may eat away at your overall super balance.

Combine your super

Smarter ways to save

Investing in your super now could help you achieve the lifestyle you want in retirement. It's never too late to start and contributions are easy to make. Take a small step today for a fab financial future!

More about growing your super

New job, same super fund

Hey SUPER human, did you know that you don't have to change super funds when you change jobs? It's SUPER easy to stay with GuildSuper and keep all your super in one place.

More about changing jobs

Fees and performance

We work hard to bring you awesome super services. Our fees are there to cover the costs of managing your account and bring you SUPER returns - giving you the best possible financial future.

View our fees and performance

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