Build Your Super

There are a number of ways to help your super account grow to ensure you have the maximum benefit to enjoy in retirement.

Employer Contributions
Employer contributions include all types of payments made by an employer directly into a superannuation fund. All employer contributions are subject to contributions tax of 15%.

Superannuation Guarantee
The Superannuation Guarantee ensures that eligible Australian workers receive superannuation support from their employers. If you are eligible, your employer must contribute a minimum 9% of your earnings base (subject to a maximum amount which is indexed yearly) to a complying superannuation fund or a retirement savings account, at least every quarter.

'Salary Sacrifice' Contributions
Your employer may agree to allow you to salary sacrifice to your AUSCOAL Super account. This means your employer agrees to make contributions to your account on your behalf, from your before-tax income. Salary sacrifice contributions are subject to contributions tax of 15%. 

To learn more, view our fact sheet on salary sacrifice or log in to the secure member website and click on the "Member Education" tab to view an online audio or video presentation on SALARY SACRIFICE.

Member Contributions
You can choose to make additional contributions to your super account (subject to Government regulations) if you are under age 65. You can choose to make member contributions by arranging for your employer to make regular contributions from your after-tax pay, or you can make lump sum contributions of $100 or more by completing a Lump Sum Contribution form and attaching your cheque.

Co-contribution Scheme
You may be eligible to receive a co-contribution payment under the Government Co-contribution Scheme if you have made member contributions (excluding spouse contributions) and your assessable income is less than $58,980 pa. Eligibility for the co-contribution is also subject to other conditions. if you would like further information, download a 'Government Co-contribution' fact sheet or call Toll free 1300 366 212 to request a copy. Alternatively, you can contact the ATO or visit their website.

Rollovers from other funds
You can consolidate your super by rolling over your other superannuation accounts into your AUSCOAL Super account. Click here to find out more .

Contributions after age 65
If you are between the ages of 65 and 74, and you have been gainfully employed for at least 40 hours over a consecutive 30 day period during the current financial year, contributions can continue to be made to your account.