Build your super

There are a number of ways to help your super account grow to ensure you have the maximum benefit to enjoy in retirement.

Employer contributions

Employer contributions include all types of payments made by an employer directly into a superannuation fund. All employer contributions are subject to contributions tax of 15%.

Superannuation guarantee

The Superannuation Guarantee ensures that eligible Australian workers receive superannuation support from their employers. If you are eligible, your employer must contribute a minimum 9% of your earnings base (subject to a maximum amount which is indexed yearly) to a complying superannuation fund or a retirement savings account, at least every quarter.

'Salary sacrifice' contributions

Your employer may agree to allow you to salary sacrifice to your AUSCOAL Super account. This means your employer agrees to make contributions to your account on your behalf, from your before-tax income. Salary sacrifice contributions are subject to contributions tax of 15%.

To learn more, view our fact sheet on salary sacrifice.

Member contributions

You can choose to make additional contributions to your super account (subject to Government regulations) if you are under age 65. You can choose to make member contributions by arranging for your employer to make regular contributions from your after-tax pay, or you can make lump sum contributions of $100 or more by completing a Lump Sum Contribution form and attaching your cheque.

Co-contribution scheme

You may be eligible to receive a co-contribution payment under the Government Co-contribution Scheme if you have made member contributions (excluding spouse contributions) and your assessable income is less than $61920 pa. Eligibility for the co-contribution is also subject to other conditions.

If you would like further information

Download a 'Government Co-contribution' fact sheet or call Toll free 1300 AUSCOAL to request a copy. Alternatively, you can contact the ATO or visit their website.

Rollovers from other funds

You can consolidate your super by rolling over your other superannuation accounts into your AUSCOAL Super account. Click here to find out more .

Consolidating your super in one fund

If you've had more than one job, chances are you've got more than one super fund. This can make your money hard to manage and, make no mistake, more costly with multiple fees for multiple accounts.

Having your super paid into one fund generally makes good sense. What makes even more sense is having it in one award-winning, low fee, profit-to-members fund like AUSCOAL Super. But don't take our word for it. Use the free Chant West AppleCheck online comparison tool to see how we compare with other super funds.

What to do next...

• First, make sure you don't have any other super out there that you've forgotten about or lost. It's easy to check at the ATO's SuperSeeker website.
• Have a read of our Thinking of changing super funds fact sheet.
• Use the Chant West AppleCheck online fund comparison tool to see how we compare with other super funds.
• Fill out this simple form to get your other super transferred over to AUSCOAL Super.

Contributions after age 65

If you are between the ages of 65 and 74, and you have been gainfully employed for at least 40 hours over a consecutive 30 day period during the current financial year, contributions can continue to be made to your account.