Making contributions
Your employer is required by law to contribute at least 9% of your Ordinary Time Earnings into your super. However, lately there’s been a lot of talk about whether 9% is enough to provide for a decent retirement.
To keep your retirement savings on track, you can make extra contributions to super whenever it suits you.
- Salary sacrifice - Ask your employer to pay extra into your super from your before tax salary
- Personal contributions – You can make extra contributions to your super from your after-tax salary. These contributions are known as personal contributions.
- Government Co-contribution – If you’ve made a personal after-tax contribution to your super, you might be eligible for a super top up from the Government.