Types of contributions
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Types of contributions

Employers are generally required to pay 9.5% of your wages into your super. You can also make extra contributions into your super and grow your balance even more.

Adding a little bit extra now, could make a big difference down the track. There are a number of ways you can contribute which may suit you at different times in your life.

Compulsory contributions

Superannuation Guarantee (SG)

Your employer is generally required to pay 9.5% of your wages into super, known as SG contributions, on top of your take-home pay. 

Optional contributions

You can also make extra contributions to grow your super faster. Before you do, consider the tax on certain contributions and contribution limits. You also can’t withdraw any money from super once you’ve added it (unless you meet a condition of release). Your investments may also be subject to market movements. 

Salary sacrifice

You can ask your employer to pay an extra part of your wages into your super account, known as salary sacrifice. You could grow your super faster while paying less tax.

Learn about how salary sacrifice works including rules, limits and risks.

To set up a salary sacrifice arrangement, complete the payroll deduction form below and hand it to your payroll officer at work.

Payroll Deduction Form

Personal contributions

You can make extra contributions into your super from your bank account. This helps you get your other savings into super where we invest it for you. You could also pay less tax on investment returns inside super. 

Learn about how personal contributions work including rules, limits and risks.

Set up regular or one-off payments into your super from your bank account using BPAY. Your BPAY details are available in Members Online.

Spouse contributions

You can make extra contributions into your partner's super from your bank account. If your partner earned $40,000 or less, you could receive a tax rebate of up to $540. 

To contribute to your spouse’s account complete the personal contribution form.

Download form

Government co-contributions

If you earn less than $54,837 per year and make a personal contribution into your super, the government will also contribute up to $500 depending on your income and the amount you contribute.

Learn about how government co-contributions work including rules, limits and risks.

Set up regular or one-off payments into your super from your bank account using BPAY. Your BPAY details are available in Members Online.

Government contribution

If you earn less than $37,000 per year you might also be eligible for the Government's Low-Income Superannuation Tax Offset (LISTO) where you could receive up to $500 back into your super.

Not sure which type of contribution is right for you?

Speak to one of our experienced advisers at no extra cost.

Request a callback

Limits apply to each type of contribution. Other concessions, conditions, restrictions and penalties may also apply. For full details read the Super Member Guide Product Disclosure Statement (PDS).

Advice about your super is included in your membership fees.

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