how to grow your super faster

Growing your super faster is often easier than you think. Use our topping up checklist to make sure you are doing everything you can to maximise the biggest pay packet of your life.

 

your topping up checklist

There are a number of simple things you can do to get you super on track:

1. find your lost super

   You may have old super accounts lying around from long-forgotten jobs, or you might have changed employment or moved house and forgotten to tell your super fund your new details.
   
   With over $8 million worth of lost superannuation money in Australia, there’s a good chance some of that money could be yours! 

2. combine multiple super accounts and save

   Are you paying multiple sets of fees, because you have too many super accounts? Cut down on paperwork, hassle and fees by rolling over your other super accounts into Health Super. 

3. check out your investment choice options – choose the right one for you

   Depending on your situation a different option may mean a bigger super balance in the future. Check out Health Super’s 9 investment options before you make your decision.
   
   Get more involved with your super, and start topping up today! 

4. get money from the Government, with Super Co-Contributions

   If you’re eligible for Super Co-Contributions (if you earn less than $58,000 per year, plus other eligibility criteria), make sure you take advantage of the Government’s offer to put in $1.50, up to $1,500, for every $1 you contribute to your super every year.
   
   Watch how fast your super will grow. 

5. put after-tax money into your super and see the difference

   Contributing a little or a lot from your after-tax income can make a big difference to your final super pay packet. If you’re eligible for Super Co-Contributions, making a personal contribution will mean the Government will automatically top up your account too!
   
   Use our projections calculator to see the difference making after-tax contributions could make to your final super balance.  Please note: Health Super cannot accept any personal (after-tax) contributions after 30 June 2007 unless you have provided your Tax File Number.

6. save on tax with salary sacrifice (pre-tax money)

   As well as making sure you have enough money to retire on, salary sacrifice contributions may reward you with tax benefits now.

7. remember to stay within the contribution limits

   The Federal Government has prescribed limits to the amount of contributions you can make to your super and recieve concessional tax treatment.

Find out more information about the Government prescribed contribution caps.

Use our projections calculator to see the difference salary sacrifice contributions could make to your final super balance. 

calculate your final balance Want to see how much super money you could have when you retire, and how long it might last? Use our projections calculator, and see the difference topping up your super can make as well.

 

are you self-employed?

If you’re self-employed you may be eligible to claim a tax deduction for contributions you have made to your Health Super account. Find out the details.

You may also be eligible for the Government Co-contribution. To see if you are eligible visit: www.ato.gov.au/bettersuper

do you want to make contributions to your spouse’s account?

You may be eligible to receive a spouse tax offset. Visit the ATO’s website to find out more.

Your contributions to your Spouse account count toward your spouse's non-concessional contribution cap.

 

how do I top up my account?

Click here to find the option that suits you best.