By adding to your super before 25 June 2024 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 $58,445, 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.
Top up your super in Member Online in just a few minutes. Make your contribution today.
Grow your super through extra contributions. A bit extra now could add up to a lot more later.
Awarded Canstar’s Outstanding value superannuation 2022-2024.^
Go to 'Make a contribution' and select 'contribute now'
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.
Log in to your Aware Super account to find your BPAY biller code and Customer Reference Number (CRN)
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.
Watch our short video on how to make a direct debit contribution through your Member Online account.
[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.
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] 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.
Adding to your super now will help your super savings work harder and could add up to a lot more later.
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.
The concessional and non-concessional contribution caps will increase from 1 July 2024, meaning members can add more into their super.
Government co-contribution threshold
From 1 July 2024, the government co-contribution income thresholds will be:
The Superannuation Guarantee Contribution Rate will increase which means more in your super
The superannuation guarantee rate will increase from 11% to 11.5% from 1 July 2024.
Save on tax and save more for your first home.
The Government’s First Home Super Saver (FHSS) scheme is designed to help you save a deposit for your first home faster. You can add to your super by making your own extra voluntary contributions on top of what your employer pays. You can make before-tax contributions like salary sacrifice, or personal after-tax contributions.
Using the First Home Super Saver Scheme (FHSSS) you may be eligible to use the super system to grow your deposit faster by saving on tax. It works by allowing you to make voluntary before-tax contributions into your super which are taxed at 15%, which is generally lower than your income tax rate, which can be as high as 45%, plus the Medicare and other applicable levies. When you’re ready to buy, you can take the money out of your super.
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.
