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How to grow your super

Set yourself up for a better future today.

Ways to grow your super include:
 

  • Get your super into the one place
  • Add little bits more often through contributions
  • Choose the right type of investment for you.

Consolidate your super

Having more than one account may mean you’re paying multiple fees and insurance premiums. With one account, you could save money in fees and grow your super faster. Before you consolidate, there are some important factors to take into account. You may wish to speak with a qualified financial planner before making this important financial decision.[C1]

Learn more about consolidation

Find lost super

You may have super accounts you’ve forgotten about or don’t know about. This could happen if you changed jobs, changed your name, or moved overseas. It takes less than 10 minutes to find your lost super using our online tool.

Find your lost super

Add extra money to your super through before or after-tax contributions

How before-tax contributions work

Also known as concessional contributions1, these can include:

Employer contributions - also known as the Super Guarantee (SG). This is the money your employer has to pay into your nominated super fund. It’s 11.5% of your salary.

Salary sacrifice - you can ask your employer to set this up for you. Your employer re-directs some of your take home pay into your super account. In this way you can grow your super savings and at the same time, reduce your taxable income.2

Benefits
 

  • Pay less tax (the 15% contributions tax in super might be lower than your marginal tax rate).2  
  • Your extra contribution is deducted from your pay through your employer.
  • Reduce your taxable income.
  • More super means more compounding interest (investment returns earned on your investment).

How after-tax contributions work

Also known as personal or non-concessional contributions1, these can include:

Government co-contribution - if you earn less than $60,400 in the 2024-25 financial year you could be eligible for a government co-contribution of up to $500 when you make a personal after-tax contribution.3

Spouse contribution - make contributions on behalf of your spouse and you may receive a tax offset.4

Downsizer contributions - over 55 and selling your home?4

Personal contributions - add to your super from your take-home pay to grow your balance. You may even be able to claim your contributions as a tax deduction.

Benefits

  • You may be eligible for a $500 super co-contribution from the government (depending on your total income)
  • You can set up a one-off or recurring contribution at any time
  • Claim a tax deduction for eligible personal deductible contributions
  • More super means more compounding interest (investment returns earned on your investment).



Choose investments that are right for you

MySuper Lifecycle tailors your investments to your life stage. It's where more than 80% of our super members invest their money.

Discover MySuper Lifecycle

Where to next?

Discover the super calculator

More than just a retirement calculator, My Retirement Planner™ estimates how much you’ll need in retirement based on your current situation and future lifestyle goals. Plus, get a step-by-step action plan.

Learn when it suits you with on-demand webinars

Supercharge your learning with complimentary on-demand webinars about super, retirement and investments.

Simple advice at no extra cost

Take advantage of simple financial advice over the phone, for answers to any questions about your Aware Super account.[AD2]

 

[C1] Before consolidating, consider if this is right for you, including the loss of any insurance cover from your other funds, the impact on your investments, and potential tax implications and read the PDS and TMD at aware.com.au/pds. You may wish to speak with a qualified financial planner before making this decision.

1. Before contributing, consider the relevant superannuation thresholds including the current annual limit for all before-tax contributions and after-tax contributions. Exceeding any of these thresholds may reduce any tax benefits you could receive.

2. Salary sacrifice will save tax in many but not all circumstances and will cause a reduction in your take home pay.

3. Check your eligibility for the government's super co-contribution before acting on this information.

4. Eligibility criteria applies.

[AD2] Members can get advice about their Aware Super accounts at no extra cost, or advice on their broader needs for a fee.