It's quick and easy to join
TWUSUPER acts in your best interests
Whether you're a contractor or sole trader with an ABN, or the owner of an incorporated (Pty Ltd) small business, your superannuation for retirement is just as important for you as it is for employees. That’s why TWUSUPER makes sense.
We act in your best interests as a profit-for member fund with competitive fees. We have a three-decade strong history of solid returns and give you a choice of investment options to suit your needs and preferences.
Super for small business and sole traders
Whatever business structure you have, TWUSUPER can handle it. If your business is a Pty Ltd company, then technically you are an employee of the business (even though you are also an owner). This means that, under Australia’s superannuation laws, your company is required to pay you the super guarantee (SG) of at least 10% of your salary.
Super for sole traders with just an ABN is different – it's up to the sole trader when, how much and even if superannuation is put aside each year. So what are the benefits of paying yourself super if you are a sole trader?
Benefits of super for sole traders
Like anyone, as a sole trader you want to retire one day, but without adequate super, a comfortable retirement might not be easy. And without compulsory super, it is even more important for sole traders to take responsibility for their super, while they’re still earning. The more you contribute to your super while you’re earning, the more you’ll have in retirement, when you’re not.
What's more, income you invest through super contributions is generally taxed at a lower rate than if you put it in your bank account. There is a contributions cap of $27,500 per year before the marginal income tax rate kicks in on further contributions (this could be more where you can use the 'carry forward' rule – see our Product Disclosure Statement).
Insurance tailored for transport workers
TWUSUPER protects all our members and has no occupational exclusions.
Super for people on the move
We tailor our products and services for member needs including self-employed members.
Supporting owner operators
We participate in programs and events that support self-employed people including owner operators.
*TWUSUPER as an average outperformed the average retail fund over the past 15 years. Comparisons modelled by SuperRatings, commissioned by TWUSUPER and shows average differences in net benefit of TWUSUPER's balanced investment option and the main balanced options of retail funds tracked by SuperRatings, with a 15 year performance history, taking into account historical earnings and fees – excluding contribution, entry, exit and additional adviser fees. Outcomes vary between individual funds. Modelling as at 30 June 2020. See Assumptions for more details about modelling calculations and assumptions. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund.
Need a hand?
If you have any questions please call us between 8am and 8pm (AEST/AEDT) weekdays on 1800 222 071.