Growing Your Super

Boost now, thank yourself later

Your employer is expected to contribute a minimum of 9.5% of your salary to your super. But, did you know that it doesn’t have to stop there? There are many ways you can boost your super, starting now.

What could an extra $20 a week do?

A lot. When combined with the Age Pension, your own extra contributions can help you enjoy the things you look forward to the most. Adding an extra $20 a week now could become $50 a week for you to enjoy in retirement. That could make a huge difference.

Two ways you can boost your super

Do it before you're taxed

Better for:

those who earn a total income over $50,000

Main benefit:

pay less tax

 

Ask your employer to set up salary sacrifice directly from your pay. If your employer doesn’t offer it, you can now make contributions directly and claim them as a tax deduction.

Do it after you've been paid

Better for:

those who earn a total income under $50,000

Main benefit:

bonus super from the government

 

Make recurring payments into your super by setting up a direct debit from your bank account once you’ve already been paid.

This advice is general in nature and does not take into account your objectives, financial situation or needs. Before acting on the advice, you should consider whether it’s appropriate to you or speak to one of our financial advisers.

Why boost your super?

These days, with people living longer and longer and the cost of living increasing dramatically over time, you can’t necessarily rely on your employer’s 9.5% contributions to provide you with a
comfortable retirement.

In fact, research shows that for many Australians, the Super Guarantee is grossly inadequate to last them up to their life expectancy. For example, a recent report by Deloitte found that that even for a modest lifestyle in retirement men aged 65 need to have amassed $340,000 and women $370,0004. However the average account balance falls alarmingly short, with men aged 60 to 65 having an average account balance of $114,000 and women $94,0004.

This leaves the majority of us with two options – working well into our golden years (think our seventies and beyond), or boosting super with voluntary contributions from an early age.

Join us today

It’s as easy as 1,2,3

1

Start with the form below

Let’s start with your name, email and phone number.

 

2

Just a few more details

You’ll need to find your tax file number (TFN) so we can match it up with ATO records. We will also ask several questions to understand you better.

 

3

Hit submit!

One of our staff members will get in touch to greet you and then sit back while we create your account You’ll then receive your member number. Login to your member portal to view your account online, and check your inbox for an email and a letter by post to pass on to your employer.

Join now

Join over 2,000 Muslim Australians who’ve made their super Islamic in under 7 minutes.

Seriously. It’s that quick. No paper forms. Electronic signatures. No certified copies. Doing the right thing was never so simple.

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Leaders on 2 fronts

With world class sharia compliance and industry excellence, we aim to prosper our clients with expert Islamic financial service by partnering with industry leaders.

IFAC

Making the switch is easy with Hejaz

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