Women and Super

Tasmanian Accumulation Scheme members

As a Tasmanian Accumulation Scheme (TAS) member, there are a few ways you can improve your future benefit. They include: Super Co-contribution Make personal contributions to your super, and if eligible, your account will receive an additional boost with a Super Co-contribution of up to $1,000 from the Government. This initiative is aimed at those who are earning low to medium incomes. Using this strategy, you can generate a 100% tax-free return on your investment within one year.

Personal Contributions

Making regular or occasional personal contributions could make a huge difference to your final benefit. Even if you can only afford a little, that's better than none.

And you benefit from compound interest, so the longer your money is invested, the more the end lump sum.

Partner Contributions

If you're on a low income, your partner can help you build your super savings by making contributions into your super account. And if your partner nominates the contributions as spouse contributions, you could even be entitled to a tax rebate!

Your partner is defined as one of the following:

• your husband or wife; or
• a person of the same or different sex with whom you share a significant relationship which is registered under a State or Territory law; or
• a person of the same or different sex who, although not legally married to you, lives with you on a genuine domestic basis in a relationship as a couple.

Salary Sacrifice

Salary Sacrifice is one of the simplest and most tax effective ways to boost your super savings.

If you earn more than $35,000 per year you get more for your money when you contribute to super by Salary Sacrifice because of the tax savings.

Finding lost super

This is particularly relevant if you've worked part-time or on a casual basis. You could easily have little amounts of money in lost accounts.

One of the simplest ways to find lost super is to use the ATO's SuperSeeker. Just enter your name, date of birth and tax file number.

Rollover

If you have money invested in more than one super fund you may be paying multiple fees.

You can simplify your super by rolling over any other super money into the RBF Investment Account. By doing this you could save on fees and charges that eat into your super savings. It could also save you time and effort by reducing your paperwork, and help to make it easier to keep track of your future benefits.

Investment Strategy

The Member Investment Choice (MIC) option that you choose to invest your super in can make all the difference to your end benefit. It's worthwhile comparing the different MIC options so you can match your own needs and goals with the investment style that best suits you.