You don’t need to see a man about a dog to learn how to grow your super. At AustSafe Super, we give you the know how in six simple steps so you and your super can grow together.

Round up your super into one fund

If you have had more than one job, chances are you have super in more than one fund. Rounding up your super and transferring it into one fund means you could reduce your fees, which could mean more super for you!

Rounding up your super in to AustSafe Super isn’t hard work like a dog and pony show – it’s easy! It also makes keeping track of your super simple. To grow your super savings by rounding up your super, simply complete an AustSafe Super Transfer Form and mail to us at GPO Box 3113 Brisbane QLD 4001. Once we receive the form we’ll do the rest for you. Top dog!

Find your lost super

It is estimated that there is more than $7 billion of lost super and there is a chance that some of it may be yours.

Why keep a dog and bark yourself? Jump on the Australian Taxation Office (ATO) website and let them match you with your lost super. The ATO’s online search tool SuperSeeker is specifically designed to find Australians’ lost super.

Once you find all of your lost super, help grow your super balance - round up your newly found super and transfer it into your AustSafe Super account.

Get up to $1,000 a year from the Government

To help grow your super savings even more, the Government will pay up to $1,000 a year into your super account, if you meet the eligibility criteria and make your own after-tax contributions into your super account. This is one instance where you don’t have to work like a dog to get that little bit extra.

You must have an assessable income (including reportable fringe benefits) less than $61,920 p.a. (2010/2011). For more information about the co-contribution or to calculate how much co-contribution you could be entitled to, check out the Government Co-contribution fact sheet.

Make your own contributions

Aside from getting a free boost from the Government (if you are eligible), making your own after-tax contributions into your super account could make a big difference to the way your investment grows. You can make your own contributions by cheque, direct debit, from your bank or credit union account, by deduction from your pay (talk to your empployer) or BPAY. Even just the smallest personal contribution could mean you live like a dog with two tails in your retirement.

Consider salary sacrificing

Salary sacrificing super contributions can grow your super and reduce your income tax. It’s simply where you choose for your employer to pay some of your salary into your AustSafe Super account instead of receiving it as take home pay. For more information check out our Salary Sacrifice Fact Sheet.

Open an account for your spouse

Spouse contributions can grow your spouse’s super and may make you eligible for a tax offset. If your spouse earns less than $13,800 per year (assessable income and reportable fringe benefits), you may be eligible for a tax offset of up to $540 on spouse contributions up to $3,000.

For more information about any of these 6 simple steps give us a call on 1300 131 293.