Grow your super

Smart strategies to maximise your super balance, and make the most of your financial future

Get your super together

When you have super in an account that you're not adding to, it can be eroded by fees. You may also have lost track of your super when moving house, changing jobs, or if you changed your name. If you have any lost super we can help you find it.

There are several ways to get your super together:

  1. Through MyLife Online
  2. Download the Consolidate your super form and mail it to us
  3. Call us on 1300 655 002
  4. You can also consolidate through the MyGov website.

Everyone's situation is different and you should check if there are any insurance implications and exit fees from other funds before you transfer your super. We can help you with this so please give us a call.

After-tax contributions

There are two kinds of contributions to your super: concessional (before tax) and non-concessional (after tax).

Concessional contributions

Your employer makes regular concessional super contributions into your Catholic Super account, currently 10% of your salary. You can also make contributions called salary sacrifice, from your income, before tax. Your contribution is taxed at a lower rate (up to 15%) which can be a tax effective option, based on your income.  

Small amounts now can make a big difference to your super balance in retirement, and you can claim personal contributions as a tax deduction. The annual cap for concessional contributions is $27,500 p.a. (2021/22 financial year). Ask your employer about starting a salary sacrifice arrangement. 

Non-concessional contributions

You can make regular or one-off contributions of your own, from your after tax income. These contributions are not taxed in your super, as tax has already been paid. 

You can easily pay into your super account using BPAY. For your personal BPAY details, simply log in to the secure MyLife Online member site or call us and we can help you. 

You can also set up an ongoing direct debit with us or ask your employer about starting a direct debit arrangement. Before you make any extra contributions, please consider your current financial commitments. 

The annual non-concessional contributions cap is $110,000 (2021/22 financial year). Members under 67 years of age will have the option of contributing up to $330,000 over a three year period for members depending on their total superannuation balance. Members aged 67 or over but under 75 may be eligible to make non-concessional contributions, but the cap is $110,000, with no bring-forward arrangement.

Your BPAY details

  1. Log in to MyLife Online
  2. Click on the blue profile icon at the top of the screen
  3. Select Personal Details from the drop-down menu
  4. Scroll down to the BPAY: Telephone and Internet Banking Deposits section.
Log in to MyLife Online

Other ways to contribute

There are other ways of building your super wealth and every little bit helps towards planning the future lifestyle you want.

Government co-contributions

Government co-contributions help eligible members boost their retirement savings. The amount of government co-contribution you may receive depends on your income and how much you contribute. If you make personal (after-tax) contributions to your super, the government can make a contribution (called a co-contribution) up to a maximum amount of $500. 

More on government co-contributions

Spouse contributions

If your partner is earning a low income or taking time off work to care for family, there are ways you can help your partner’s super balance continue to grow by:

  • making a Spouse Contribution to their super account
  • arranging for Contribution Splitting (also known as Super Splitting)
More on spouse contributions

We're here to help

We can help guide you if you have any questions about growing your super balance.