Adding a little extra to your super today could make a big difference to your final balance and income when you retire.
There’s plenty of ways to help grow your super:
After joining Kogan Super, you’re ready to start receiving super contributions. Simply ask your employer to pay your super into your account.
Do this by filling out the Choice of Super Fund form and email it to them. Find it in the ‘Documents’ section when you log into your online account.
When you start a new job and don’t nominate a super fund, your new employer will most likely choose one for you. This can mean you end up with multiple super accounts, and paying multiple sets of fees.
Ask your employer to pay your super contributions into your Kogan Super account.
Do this by filling out the ‘Choice of Super Fund’ form and email it to them. Find it in the ‘Documents’ section when you log into your online account.
|Income*||Tax rate on before-tax contributions|
|$250,000 and more||30%|
A great way to build your super balance is by making extra contributions from your take-home pay. These are known as non-concessional contributions.
By putting more money aside now, you’ll have more super when you retire.
You can make after-tax contributions using BPAY®. Simply use the:
Read the Government limits on super contributions section to understand limits that apply.
By making after-tax contributions to your super, you could be eligible to receive an additional contribution from the Government. This is aimed to help lower income earners grow their super.
If you meet the ATO’s eligibility criteria and earn $52,697 or less*, the Government may add to your super in after-tax contributions.
For more information, please read our Government Contributions fact sheet.
Sharing is caring, especially when you share your super with your spouse.
If your spouse is on a lower income, or not in paid work for a while (such as taking time off to raise a family), this could mean their super isn’t growing quickly. Show you care by helping boost your spouse’s super.
After-tax spouse contributions
Adding to your spouse’s super can help them while also helping you save on tax. If their income is less than $37,000*, and you make an after-tax contribution of $3,000, you could get a $540 tax offset.
|Spouse income*||Tax offset on $3,000 spouse contribution|
|$0 to $37,000||Full tax offset – $540|
|$37,001 to $40,000||Partial tax offset – less than $540 on sliding scale|
|Over $40,000||No tax offset – $0|
You won’t receive any tax offset if your spouse has an income of over $40,000* or for contributions greater than $3,000.
Find out more by reading our Contributions fact sheet.
Pre-tax contribution splitting
You can transfer up to 85% of your before-tax contributions to your spouse. Your spouse just needs to be under 64 and not permanently retired, unless they meet the work test requirement.
*Income is the sum of your annual taxable income, reportable fringe benefits, total net investment loss and any before tax (concessional) contributions you’ve made to your super.