Superannuation funds


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One Super Fund can save you all the hassle of consolidating your super. We offer three levels of service that range from the basic consolidation to a full financial service.

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Superannuation funds

  1. 1. What is superannuation? Superannuation or super is a way of saving to provide an income during retirement. Superannuation funds have an advantage over normal savings accounts because they pay less tax*. Tax benefits are also available to people when they access their superannuation in retirement.
  2. 2.  Many people rely on the Age Pension in retirement, but this may not provide enough for a comfortable retirement. The amount you receive usually depends on how much has been contributed, how long it has been in the account and the rate of interest earned by the account, and fees.
  3. 3. Who Contributes to your Superannuation? Your employer The Superannuation Guarantee (Currently 9% of before tax pay) An Award- You Super should not be deducted from your wages like your tax is and must be paid at least once a year (by 28th July).
  4. 4. Exceptions - You earn below $450 within any calendar month - You are under 18 years old and work 30 hours or less per week - You are 70 years old or more - You are paid to do work of a domestic or private nature for 30 hours or less per week
  5. 5. Accounts with Small Sums of Money Some special accounts can hold superannuation money but are not really Superannuation funds, these include: Retirement Savings Account (RSA) and the Superannuation Holding Account Reserve (SHAR). These are used when an employer cannot find a superannuation fund that will accept small sums of money.
  6. 6. Access to superannuation Strict government rules prevent early access to preserved benefits except in very limited and restricted circumstances, including severe financial hardship or on compassionate grounds, such as for medical treatment.
  7. 7. Preservation Age Preservation age is the age at which a person may access their superannuation balance. Your preservation age depends on your date of birth. Born Between Preservation Age Before 1 July 1960 55 1 July 1960 – 30 June 1961 56 1 July 1962 – 30 June 1963 58 1 July 1963 – 30 June 1964 59 After 30 June 1964 60
  8. 8. Contact us for taking life insurance through super fundsCamberwellSuite 303, 685 Burke RdCamberwell VIC 3124Phone: 1300 1SUPER (1300 178 737) or 03 8080 5810Fax: 03 8080 5809Email:
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