After a period of working part-time, you may want to consider making catch-up payments to your super. A few small changes can set you on the path for a more comfortable retirement.
This means making contributions to super from your pre-tax salary while you're still working full-time. This can help boost your balance, help make up for periods of working part-time when your super contributions are lower and they can lower the amount of tax you pay.
If you have a spouse, they can make a contribution to your super account on your behalf – and receive a tax offset.
A government scheme means you may be eligible to receive a government contribution of up to $500 a year, if you're on a lower income.
Need help taking control of your super?
At TelstraSuper, we’re here to help you build a secure financial future. If you’d like to discuss catching up on your super or if you have any other financial advice queries, contact TelstraSuper Financial Planning on 1300 033 166 or fill in our online contact form. Our team of phone based Advisers can provide you with simple advice to help take control of your super. There's no additional cost for our phone based advice as this is included in your TelstraSuper membership.Online contact form