• HOSTPLUS
Super Updated 29 October 2011

Add extra to your super

Boost your future by adding some extra money to your super today

Super is a long term investment – and every little bit counts.

There’s a number of ways you can add a little extra money to your super now, which could make a big difference when you retire.

The benefits of starting early

It's amazing the effect that additional contributions can have on your final superannuation payout. The trick is to start early and enjoy the benefits of compound interest.

From the table below you can see the dramatic increases that can be achieved by starting early.

Start contributing at age 20  30  40 
$ contributed each week $25 $25  $25 
Total $ contributed $58,500 $45,500 $32,500
Total $ at retirement $212,658 $120,272 $63,554
*Earnings are calculated at a compound interest rate of 5% p.a., with amounts being fully invested until age 65. (Please note: these assumptions are for illustrative purposes only and the investment return is not guaranteed. Returns can be higher or lower than set out in this example.)

Get some advice

Wether you’re thinking of contributing a one-off large amount, or just $20 a fortnight, you might like to seek advice from one of our deducted licensed Industry Fund Financial Planning (AFSL 232514) financial advisers for help with budgeting and to understand how to make the most of your extra super contributions.

Our online tool, Super Adviser, can also provide free online advice about how salary sacrifice and co-contributions could benefit you.

Your next steps

Ready to add extra to your super?

Our Extra Contributions Brochure is a great place to start.

Find out more about the contribution caps for different types of contributions.

The table below shows how you can add extra money to your HOSTPLUS account.

 

Payment method

Frequency

What to do to make it happen

Salary sacrifice
(contributions from pre-tax salary)

As agreed with your employer

Talk to your employer. Find out more about salary sacrifice.

Payroll deductions
(contributions from post-tax salary)

As agreed with your employer

Talk to your employer.

Personal contribution via BPAY

As often as you like

Simply contact us to obtain our BPAY code and a reference number for your contribution.

Personal contribution via cheque

As often as you like

Send a cheque with your membership number and/or voluntary contribution advice slip from the Contribution Slip Booklet to HOSTPLUS.

Personal contribution via Direct debit

Fortnightly, monthly, quarterly or yearly

Read the Extra Contributions Brochure for more information and to complete the direct debit authority form.

 


For full details about super with HOSTPLUS, refer to our Member Guide

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