HESTA – Diamond Sponsor |
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Four steps to healthier super
How’s your super doing?
This question means a lot in times of economic uncertainty. Your super’s an investment, and investors everywhere are feeling the effects of market volatility.
The good news is that boosting your super is easy with these hassle-free tips.
- Put all your super in one spot
- Track down your lost super
- Get free money from the government
- Sacrifice (some of) your salary
1. Put all your super in one spot
If you have more than one super account, you’re probably paying multiple account fees – and getting swamped in paperwork. Rolling multiple super accounts together saves many people money.
For details, download the Rolling into HESTA guide. If you’re a HESTA member, fill it in and send it back with copies of two pieces of certified identification. Simple! We’ll get the ball rolling – though your other fund may contact you to confirm the transfer.
$7 million in lost super was reunited with its owners in 2008 – but there’s more! Visit Superseeker to see if there’s some super out there with your name on it.
That’s right – the government offers a free super boost to eligible employees.
All you need to do is make after-tax contributions to your super – see the HESTA website to find out how. Then at tax time, the government may automatically make a co-contribution to your account. It could be as much as 100% of the money you’ve put in!
For details – and to see if you’re eligible – visit HESTA.
4. Sacrifice (some of) your salary
Salary sacrifice is pretty straightforward – you simply ask your boss to let you put some of your before-tax pay into super. It won’t hurt the hip pocket as much as an after-tax contribution, and it can deliver some sweet tax benefits.
Download the Topping up your super guide, and grab the salary sacrifice form. Consider talking to a financial adviser about the benefits of salary sacrifice. Then hand the completed form to your employer, and you’re done!
For more information on HESTA, your health and community services industry super fund, visit www.hesta.com.au
This information is issued by H.E.S.T. Australia Limited ABN 66 006 818 695 AFSL No. 235249 regarding HESTA Super Fund ABN 64 971 749 321. It is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Consider our Product Disclosure Statement before making a decision about HESTA – free call 1800 813 327 or visit www.hesta.com.au for a copy. For co-contribution purposes, total income is your assessable income plus your reportable fringe benefits.
