Super easy wins for the end of financial year

Info for members
17 Jun 2022
3 min read

If you’re still young and only starting your career, or studying, you mightn’t have given much thought to your super lately.

But the end of the financial year is a great time to think about how you can grow your balance, and there’s simple ways to do just that between shifts or lectures. If you start early, you could end up with more savings when you retire. 

Government co-contribution

How good does extra money sound? If you make an after-tax contribution in the financial year, you could be eligible for the government co-contribution. If you’re earning less than $56,112 p.a. and meet other eligibility criteria, the government will pay up to 50 cents for every dollar you add to your super in a financial year, up to $500. 

You just need to make sure we have your TFN, otherwise we can’t accept your government co-contribution. 

Learn more about eligibility criteria

The LISTO

The low-income super tax offset (or LISTO for short), is a government payment of up to $500 to help boost low-income earners’ super savings. If you’re eligible for the LISTO, the government will automatically refund the tax deducted from any before-tax contributions to super, such as the contributions from your employer into your UniSuper account. 

The refund will go directly into your super after you lodge your tax return. Just make sure we have your TFN—we can’t accept your LISTO payment without it! 

Learn more about the LISTO eligibility criteria

We’re an open fund

We’ve recently opened the fund to those outside the higher education and research sector. If your partner isn’t already a UniSuper member, you can invite them to join the fund that offers greater super.

UniSuper advice is a multi-award winner

Everyone’s circumstances are different. Before deciding whether making extra contributions is right for you, consider talking to UniSuper’s award-winning advice team.

Our super consultants can provide information and general advice across a range of topics at no extra cost, whether you’re a UniSuper member or not. Book an appointment in-person on campus, via video or over the phone, or call 1800 823 842.

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