Will you have enough money in your super to fund your retirement? Making a small contribution now can make a difference to your retirement.
There are several different ways you or the Government can contribute to your super to further boost your retirement savings.
Employers are generally required to contribute a percentage of your Ordinary Time Earnings into super. These contributions are known as Superannuation Guarantee contributions. If you are a Queensland school employee in the independent education sector, you may also be eligible for additional employer contributions.
Salary sacrifice contributions
Salary sacrifice involves having your employer pay part of your pre-tax income into your super. Depending on your circumstances, this could mean you pay less tax.
You can help your spouse save for their retirement by making contributions on their behalf or by transferring contributions from your account (this is called contribution splitting).