Making additional payments (known as contributions) to your super account can make a significant difference to your financial future.
Contributions from your employer alone may not be enough to fund your dream retirement, but there is a simple way for you to help it grow faster.
The benefit of making additional payments to your super is that you could earn returns on your investment returns, which helps your balance grow over time – and you may also be able to lower your taxable income at the same time!
There are times when the financial markets aren’t always going up, which means there may be years when your returns aren’t positive. If you have a long investment timeframe, you’re in a better position to ride out the ups and downs.
Ways to add money to your account
There are a couple of ways to do this and you may want to take advantage of tax benefits at the same time. Below are some of the common options:
|Ask your employer to pay Superannuation Guarantee (SG) contributions to your Australian Ethical account||Download the Choice of Super Form, fill it our and give it to your employer|
|Rollover your super from your other funds into your Australian Ethical account||Submit your request from your online account|
|Add money from your bank account by BPAY®||The BPAY biller code and your reference number is available in your online account. Click on the circle icon next to your name > Personal details and scroll to the bottom|
|Ask your employer to add some of your pay into your super (known as Salary Sacrifice)||
Speak with your employer directly (HR or payroll) about setting this up.
Ask them to direct a portion of your pre-tax pay to us. You may want to talk to us about the benefits of doing this.