Testimonials


I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC


Super Facts and Tips

Increase in Superannuation Guarantee

Since July 1, 2013, the mandatory employer contribution which is called the superannuation guarantee rose from 9 to 9.25%. And actually, what's super is that the amount going into super guarantee is going to increase up to 12% in future years.

Will You Get More Super?

Most Australian employers pay super in a superannuation guarantee. So those employers will get more super. However, some employers already pay above the Super guarantee so they may or may not get more Super depending on the employer.

Will the Changes Impact my Pay?

Any impact on pay will depend on your employment arrangements. Many employers pay Super on top of salary. So as super increases, there'd be no impact on pay. However some employers provide what's called a "total employment package". So as super increases, it's possible that there may be a change in pay to keep the whole package unchanged. Of course, some employers have chosen to fund this additional Super, so there's no impact on taking home pay.

How Can You Avoid Paying Additional Tax?

With more going on super, and proposed changes to the concessional contributions limits, individuals should check their planned contributions against the limits. If you go beyond the concessional contributions cap, then additional tax applies. Individuals should make the best use of the concessional contributions allowances to boost their retirement savings. And why wouldn't you want to do that?

What Do You Do Next?

Check with your employer's HR team to see if this can be handled for you. Or contact us at www.australiansuperfinder.com.au if you'd like to speak with one of our financial advisers. Contact us at 1300 252 167

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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