Service update: Our Coach team will be unavailable from 7-9 May and will return to normal operating hours from 9am Monday 12 May.
If you need assistance, our Member Services Team is still available on 1800 060 215.
Service update: Our Coach team will be unavailable from 7-9 May and will return to normal operating hours from 9am Monday 12 May.
If you need assistance, our Member Services Team is still available on 1800 060 215.
What is superannuation? Superannuation AKA 'super' is money that you regularly set aside for retirement. Over time, this money is put in a mix of investments to help your super grow.
From the moment you start working, you’ll have a super account set up. Throughout your working life, this is where money will be added by your employer to go towards your retirement.
Your employer will automatically make contributions to your super*. When you get paid, a compulsory 11.5% of your income is added right into your super account.
You can add more money to your super account any time you like.
The money in your super account is invested in a range of assets all aimed at growing your balance. The bigger your balance, the bigger your retirement nest egg will be. You can select an investment option that suits you. More on that later!
Your super account can also come with different types of insurance cover that can help you if something happens to you, such as becoming unable to work permanently.
As you get closer to leaving the workforce, you can switch to a Transition to Retirement account. If you’re ready to permanently retire, you can get an Account-Based Pension to start paying yourself a regular income in retirement.
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To be eligible for super you must be 18 years or older. If you're a private or domestic worker, or are under the age of 18 you must work more than 30 hours per week.
Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. Salary sacrifice may affect some Government benefits and employee benefits. Consider getting financial advice before deciding what’s right for you.
Check if you have accidentally (or on purpose) become a member of more than one super fund and consider combining all your money in one place.
Make extra payments to your super and you could set yourself up for the best retirement possible.
Did you know when you change jobs you don’t need to change super funds? It’s SUPER easy to stay with Child Care Super.
Here’s everything you need to know to understand the performance and fees of each of our super products.
You should consider the different fees and costs, amount of insurance cover offered and any other relevant information before deciding to consolidate super accounts. Consider seeking personal financial advice and review your personal objectives, financial situation and needs, and ensure that the insurance cover in your primary fund is adequate for your needs. Any insurance cover available in your secondary fund may be cancelled as a result of the consolidation unless you apply to transfer that insurance into your Child Care Super account – subject to acceptance by our insurer.
Extra payments to your super may be subject to eligibility criteria and contribution limits may apply.
Page last updated 18 November 2024
