FAQ Category: Uncategorized FAQ

It’s important we know where you’d like your super to end up in the event of your death. Your death benefit can only be paid to: Your dependants (spouse including a de facto spouse, children, anyone else who is financially dependent on you, or anyone with whom you have an interdependent relationship) or Your estate.…

You’re deemed ‘inactive’ when your account has received no contributions or rollovers in the last 16 months. This can affect you in a few different ways. 1) Inactive low-balance accounts under $6,000, with no insurance. From 1 July 2019, customers with inactive low-balance accounts will have their funds automatically transferred to the Australian Tax Office…

To choose Kogan Super as your super fund after you’ve joined, complete the Choice of Super Form­ and provide it to your employer. Simply log into your online account and click on the ‘Documents’ section.

Your employer is required to contribute to your super if you are earning $450 or more (before tax) per month. If you’re under 18 years old and working less than 30 hours a week, your employer is not required to make super contributions. You’re eligible for super if you work casually, part-time or full-time, and…

A Death Benefit is your super payout made to your beneficiaries in the event of your death, as long as you were an existing customer. It’s important we know who (beneficiaries) you would prefer to receive your Death Benefit while you’re a customer. This benefit includes the balance of your super account and any insurance…

If you’ve come to Australia after 1 July 2002 on an eligible temporary resident’s visa or if you’re a non-resident leaving Australia permanently, you may be eligible for the Departing Australia Super Payment (DASP). After leaving Australia, you can claim your super at any time from us or by contacting the ATO. The main things…

As super is meant for retirement, there are age limits on when you can access super. This based on your preservation age, which depends on your year of birth. See the table below. Year of birth Preservation age Before 1 July 1960 55 1 July 1960 to 30 June 1961 56 1 July 1961 to…

Super is ‘lost’ when your fund can no longer contact you, and your super is placed in the ATO’s “Lost Member’s Register”. This can happen when: Your account has been inactive for the last 12 months (inactive means no contributions have been made) Your fund doesn’t have your email address or the mail they sent…

If you don’t supply your TFN to your super fund: You’ll pay significantly more tax on your super. Employer contributions are taxed at 47% instead of 15% per year, which will reduce your super savings You cannot make salary sacrifice (before-tax) or after-tax contributions It’s more difficult to track down lost super or rollover super…

With Kogan Super, you’ll be automatically covered for death and total and permanent disablement (TPD) if you: are 25 years and over have a super account balance of $6,000 or more; and are an Australian Resident* Death (including terminal illness) cover provides a one-time payment when you die or if you’re diagnosed with a terminal…