Add to your super
Making personal contributions
There are three ways you can make personal contributions to your TWUSUPER, Transuper or TransPersonal account:
- regular debits from your bank account. To make or change a regular after tax bank debit or pay deduction, complete a Voluntary contributions form.
- regular deductions from your pay – you can arrange this with your employer. Your employer may allow you to have your contributions deducted from your before tax pay (salary sacrifice).
- one-off contributions by cheque. To make a one-off after tax contribution by cheque, complete a Voluntary contributions form and return it with your cheque.
Download a Voluntary contributions form
Go to fact sheets for a range of Contributions fact sheets
Learn about the difference 1% extra can make to your super
Co-contributions
If your total income (your assessable income plus reportable fringe benefits and any salary sacrifice amounts) is less than $61,920 for the 2011/12 income year and you make after-tax contributions to TWUSUPER, the Government’s co-contributions scheme could give you a valuable boost to your retirement savings.
From 1 July 2009, salary sacrifice and other voluntary employer contributions no longer reduce total income for people trying to qualify for the Government co-contribution.
Visit our fact sheets section to download a Government co-contribution fact sheet
Use our Government co-contributions calculator to see the maximum co-contribution you could receive.
Spouse contributions
Have you thought about making super contributions on behalf of your spouse?
If you make contributions on behalf of a low income or non-working spouse, you may be eligible to claim an 18% tax offset on superannuation contributions of up to $3000 made on their behalf. The maximum rebate allowed is $540.
Any spouse contributions over $3000 are not eligible for a tax rebate. If your spouse earns over $10,800 in a financial year the rebate payable to you for super contributions to your spouse will be reduced. The rebate ceases when your spouse earns more than $13,800 in a financial year.
For this purpose, a spouse includes a person who, although not legally married to you, lives with you on a bona fide domestic basis as your husband or wife, but does not include a person who lives apart from you on a permanent basis. It can, however, include a person of the same sex.
Visit our fact sheets section to download a spouse contribution fact sheet
Download a Spouse Contribution form
Contact us for more information about setting up a spouse account.