Beneficiary (Super)
A beneficiary is anyone who receives the payout from your super fund when you die. You can nominate one or more beneficiaries if your super fund allows it.
A beneficiary is anyone who receives the payout from your super fund when you die. You can nominate one or more beneficiaries if your super fund allows it.
Contribution Caps
If you’re making contributions to your super, there are limits on the amount of concessional and non-concessional contributions you can make each year.
If you’re making contributions to your super, there are limits on the amount of concessional and non-concessional contributions you can make each year.
Default Investment Option
MySuper is a simple, low-fee default investment option for people who haven't made an active choice about how their super is invested. Our MySuper option evolves with you as your life stages change.
MySuper is a simple, low-fee default investment option for people who haven't made an active choice about how their super is invested. Our MySuper option evolves with you as your life stages change.
Diversification (Super Investments)
When building an investment portfolio, you may want to spread your investments across a number of different asset classes. This is known as diversification.
When building an investment portfolio, you may want to spread your investments across a number of different asset classes. This is known as diversification.
Insurance in Super
Insurance in super is designed to support you and your loved ones in case of unexpected events such as life (death) insurance, total and permanent disability (TPD), and income protection.
Insurance in super is designed to support you and your loved ones in case of unexpected events such as life (death) insurance, total and permanent disability (TPD), and income protection.
Preservation Age
Your preservation age is generally the earliest age you can access your super, and it’s calculated based on your date of birth. It’s called preservation age because your super is a preserved benefit – locked away until you reach a certain age.
Your preservation age is generally the earliest age you can access your super, and it’s calculated based on your date of birth. It’s called preservation age because your super is a preserved benefit – locked away until you reach a certain age.
Retirement Account (Income Stream)
An account based or allocated pension is defined as an account made up of money you’ve accumulated in super, which allows you to draw a regular income.
An account based or allocated pension is defined as an account made up of money you’ve accumulated in super, which allows you to draw a regular income.
Salary Sacrifice
Salary sacrifice is where you choose to have some of your before-tax income paid into your super by your employer, on top of what they might pay you under the super guarantee.
Salary sacrifice is where you choose to have some of your before-tax income paid into your super by your employer, on top of what they might pay you under the super guarantee.
Superannuation Guarantee (SG)
The super guarantee (or SG for short) determines how much your employer is required to contribute into your super fund, according to the Australian government.
The super guarantee (or SG for short) determines how much your employer is required to contribute into your super fund, according to the Australian government.
Total and Permanent Disability (TPD)
Total and Permanent Disablement cover (or TPD), pays you a lump sum if you become disabled or are too sick to ever work again. It can help you pay for rehabilitation, any debts you have and future cost of living.
Total and Permanent Disablement cover (or TPD), pays you a lump sum if you become disabled or are too sick to ever work again. It can help you pay for rehabilitation, any debts you have and future cost of living.
Transition to Retirement (TTR)
A TTR pension enables you to access some of the super you’ve saved to date, via regular payments, even if you’re still working full-time, part-time or casually once you turn 60.
A TTR pension enables you to access some of the super you’ve saved to date, via regular payments, even if you’re still working full-time, part-time or casually once you turn 60.