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Want a $500 super boost?

By adding to your super before 27 June you could qualify for a government co-contribution of up to $500.

Even adding a tiny bit extra to your super now could add up to a lot more later. If your total income is less than $57,016, the government will match up to 50 cents for every dollar you contribute from your after-tax pay at the end of the financial year, up to a maximum of $500.

It’s easy to do online

Top up your super in Member Online in just a few minutes. Make your contribution today.

Boost your super

Grow your super through extra contributions. A bit extra now could add up to a lot more later.

Award winning fund

Money magazine’s Best Super Fund, and a Canstar Outstanding Value award winner, for 20231.

How to add to your super online

Topping up your super is just like paying your future self. You can easily complete a contribution via direct debit or BPAY®, see how below:

Making a direct debit contribution

Watch our short video on how to make a direct debit contribution through your Member Online account.

How to add a bank account

Watch this short video to show you how to add a bank account to your Member Online, so you can make a direct debit contribution.

[00:00:00] Want to make a contribution to your super? It's as easy as making a bank transfer, here's how. Log into Member Online and go to the Contributions tab.

[00:00:10] From the dropdown menu select Make a contribution. If you haven't added your bank details, you'll be asked to add them now so we can complete the transaction.

[00:00:20] At the top of the contributions page is information on contribution limits. It's a good idea to have a read through before deciding how and what to contribute. When you're ready scroll down the page to find the next step.

[00:00:35] We're choosing once off. Click continue. Enter the amount you want to contribute and click continue. Review the terms and conditions and tick the box confirming you've read them. Click Submit.

[00:00:49] It's easy to track the contribution you've submitted. Go to the Activity tab and select My activities from the dropdown menu. Here you'll find your contribution.

[00:00:59] Click on Show details to see how it's progressing. Allow about three days for processing and you can check back here to track the progress of your contribution.

[00:00:00] Adding your bank account to your Aware Member Online account makes it easy to make your own super contributions.

[00:00:07] Before you get started, there are some things you'll need to have handy. The mobile phone you've registered to your Aware Super account and two forms of Australian ID.

[00:00:18] Start by logging into your Member Online account and go to the Profile tab. From the dropdown menu select Bank account details.

[00:00:26] To add a new account, click the plus button at the top right of the screen. Enter your name, BSB number and account number. Click Save Details. You then need to review your details and it's worth double checking that these are correct. When you're ready to proceed, tick the confirmation box and click Submit bank details.

[00:00:49] For your security will need to verify your ID. We need two forms of Australian identification from the list of options presented on screen. Select the first form of ID you want to submit. Add your details, check the consent box, then click Verify the details.

[00:01:09] Select a second form of ID and add your details. Click consent and then Verify the details. Click Continue.

[00:01:20] Next, we will send a one time pin to your mobile phone. Enter the PIN number and click Next to confirm.

[00:01:27] Once both your IDs are confirmed, your bank account will be automatically saved and details securely stored.

Other ways to contribute to your super

Aware Super mobile app

Log in to your Aware Super mobile app

  1. Go to ‘Make a contribution’ and select 'contribute now'
  2. Enter your contribution amount and select 'confirm'
  3. Enter your BSB and account details you’d like your contributions to be paid from and select ‘next’
  4. Review your contribution, then confirm you have read and understood the ‘Super contributions rules and cap rules’ and the ‘Direct Debit Service Agreement’, and press 'contribute'
     

Your contribution will take up to 3 business days to process.

If you don’t have the app you can download it for free from the Apple Store or on Google Play.

BPAY

Log in to your Aware Super account to find your BPAY biller code and Customer Reference Number (CRN)
 

  1. Go to the 'Contributions' tab
  2. Select 'BPAY details'
  3. Select a contribution type and your BPAY details will be presented
  4. Copy your BPAY biller code and CRN
  5. Log in to your banking institution, and process your payment via BPAY

How government co-contributions work

Adding to your super now will help your super savings work harder and could add up to a lot more later.

 

  • how much you earn, and
  • how much you decide to contribute to your super, from your take-home pay
  • have a total income less than $57,016 before tax in the 2022-23 financial year. To be eligible for the maximum co-contribution, your total income must be $42,016 or less. Total income includes your assessable income, reportable fringe benefits, and reportable super contributions (e.g. salary sacrifice)
  • earn 10% or more of that income from employment or self-employment
  • have a total superannuation balance of less than $1.7 million at the start of the financial year
  • have not exceeded the after-tax contributions cap 
  • are a permanent resident of Australia for the 2022-23 full financial year
  • lodge a tax return for the 2022-23 financial year
  • are less than 71 years of age at the end of the financial year, which is 30 June 2023


The great news is you don’t need to do anything more

You don’t need to apply or fill out any forms. Once you’ve made your super contribution, you’ll then need to lodge your tax return after the end of the financial year. The ATO will determine if you are eligible and will then automatically pay a co-contribution into your account.

Make sure your tax file number is linked to your Aware Super account.
 

Helping you understand market ups and downs

There is a lot of noise about inflation and market volatility right now, so it's natural you have questions, and want to feel more confident about your super and where it’s headed.

You might have questions about how we invest your money? What impact do external factors like inflation have... (or, what even is inflation?) What are my investments doing, and do I need to switch? We want to make understanding market ups and downs - and super - effortlessly simple, so here’s the important bits you need to know.

Find out more

Damien Webb: Hi, I'm Damien with a quick update on what's happening with the market and what it means for your super. We've seen markets continue to move as investors react to what's in the news. While these financial wobbles can feel unsettling for our members, history tells us to expect them and we always factor these into our investment approach. So let's take a closer look at the reasons behind these market movements and what we're doing about it

No doubt you've noticed the cost of things like food and electricity going up. That's because of inflation, which can hit pockets hard and has been more difficult to control than many economists expected. Central banks like the Reserve Bank of Australia and the US Federal Reserve have lifted interest rates as they try to slow down spending and keep inflation in check. Now the big question... Is it working? Well, there are reassuring signs it is. And if the RBA agrees, it may pause rate rises like it did in early April. But only time will tell if inflation is coming back down.

You might have heard about the collapse of the Silicon Valley Bank of the United States, followed by problems at Credit Suisse, which is a much larger Swiss bank. Regulators and governments quickly stepped in to reassure clients that money was safe and markets have since settled down. To investors it seems a banking crisis has been avoided and many believe that the peak of inflation is over. One of the best ways to see your super through and back on the up is to invest in a variety of quality assets, which is exactly what we do. While it's tempting to focus on your returns as they stand today, super is best understood by taking a step back. As an example, let's look at the last three years of performance of some of our investment options. In the 2021 financial year, we saw extraordinary returns, more than 20% for some options. Last year was more disappointing and challenging markets saw negative returns. For this financial year, which ends on 30 June, our returns have so far been positive for most options. This is a great lesson in the reality of investing.

Over the years your super's invested we expect to see times of performance isn't as strong. Here it helps to see super as a long game. If we look at the last ten years, we see that a high growth option had returns over 9.4% per annum, while our balanced growth pension option, where most of our retirees are invested, had returns of 7.2% per annum.

We're always looking for better ways to grow your super. So we've decided to open an office in London, where I'll be moving with my family to head up our international team. By being closer to the markets in the UK and Europe, we can give you greater access to global opportunities, not easily reached from here in Australia, and we expect these opportunities will help enhance your returns over the long term. Naturally, we'll continue to invest as efficiently as possible so our member fees and costs stay down. And now I'd love to introduce you to Anjana Moran of our property team, a colleague of mine who's can introduce to a really exciting new property investment we've made for the benefit of our members.

Anjana Moran: Thanks, Damien. Hi, I'm Anjana and I help decide which property investments will deliver the best returns for you. Investing in property helps to protect your super by making your portfolio more diverse. Returns and direct property usually come from rental income and from growth in the property's value. Another benefit is that direct property values tend not to move up and down as much as other investments like shares, which can help keep your returns more stable.

We've recently bought a 22% stake in a company called Get Living, a build to rent platform based in the U.K. Built to rent buildings are designed to be rented over the long term rather than sold to individuals. Often they're developed by large investors like us, who then continue to own the building and rent out the apartments. Get Living is the second largest build to rent operator in the UK and currently owns and rents around 4000 homes in six neighbourhoods across London and Manchester. It also has plans for 6500 new developments so it's set to grow strongly over the next few years.

We're really excited about Get Living and as it grows, you should benefit from its growth if you're invested in our core and socially conscious, diversified options. If you want to find out more about how the markets work, you can sign up for a webinar or talk to an advisor. Head to our website to get started.

 

Did you know? Every additional $1 you contribute to super in your early 20s can triple by retirement.


This is based on superannuation balance projections for our typical female member at age 21 projected to retirement age 67, invested in the Aware Super MySuper lifecycle strategy. Net investment return is based on CPI+ objectives, which is 6.5% before age 55, reducing to 5.25% between the ages 56-65 (inclusive) and 5.25% from age 65 onwards (after investment fees and tax and admin fees). Results are based on today's dollar deflated using wage inflation of 4% p.a. These projections are estimates and not guaranteed. The actual amount of money you will get in your retirement may be very different from the estimates.

Disclaimer

Everyone's situation is different, and we can't tell you whether you should add to your balance as we haven't considered your financial situation. So, before making additional contributions, you should consider your own personal circumstances and if this is the right thing for you.

1 Visit aware.com.au/awards for awards information.