Understanding super

Your retirement might feel like it’s a long way off or maybe it’s just around the corner. Whatever the case is for you, it’s important to keep on top of your super – it’s the biggest favour you can do for your future self. By understanding and investing your super with us, you have the power to significantly reduce your carbon emissions. 

Read more about transformative changes you can do as an individual to live a 1.5 degree life and measure your changes through our carbon footprint calculator.

If you have some tips and tricks about living a carbon neutral life that you’d like to share with our social community, let us know through Facebook or Instagram – just use the hashtags #1point5life #australianethical

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What is super and how does it work?

Superannuation is a savings system introduced by the government to make sure you have enough money set aside for the lifestyle you want after finishing paid work. Your employer is legally required to make superannuation guarantee (SG) contributions (payments) of 9.5% of your before-tax pay if you’re 18 years or older and earning at least $450 a month before tax.

Your super is an automatic savings plan that comes with the following benefits:

  • your money is invested over your working years, giving your money the best opportunity to grow
  • as an incentive to help you save, your super is taken out of your before-tax pay (known as SG contributions), rather than after 
  • you can grow your super faster by making extra payments (known as contributions; personal or spouse, salary sacrifice and voluntary contributions)
  • investment options to suit your lifestage