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Fast track your super

Taking a few minutes to get your super sorted can help you move towards a better future. Here’s seven tips to get started.

Tip 4: Strategies to grow your super

Your employer may already be contributing to your super account. But making additional contributions can be a quick and effective way to top up your super. Even small yet consistent extra contributions could make a difference down the track. Here are a couple of options for making additional contributions to your super:


Salary sacrifice

You may be able to use your pre-tax salary to make additional contributions to your super fund.

Devan is 45 and recently had a pay rise of $5,000 – taking his total salary to $100,000 per year. He’s planning on retiring in 20 years, so he decides to use his $5,000 pay rise to make a pre-tax contribution to his super. By adding $5,000 to super, it will be taxed at 15% ($750) rather than his marginal tax rate of 34.5%¹ ($1,725). This means that he will contribute an extra $975 to his super, for a total of $4,250.

Voluntary contributions

Adding to your super account by contributing a little more from your take-home pay can be a great way of growing your savings.

Jamie is 50 years old and has $50,000 of savings which she would like to invest for her retirement. If Jamie contributes this money into super, any earnings will be taxed at only 15% in her super fund rather than a maximum of 47% (including Medicare levy) with other types of investments. By paying less tax Jamie could save more money toward her retirement goals.


Ready to add to your super?

Alternatively, explore these contribution strategies further plus more ways to grow your super.

There is limit on the amount of contributions you can make each year to your super without paying extra tax.


1 Based on 2023/24 tax rates and includes 2% Medicare levy. This example is for illustrative purposes only and are not a prediction or estimate of the actual contributions to be made.

Important information

This information has been prepared by NULIS Nominees (Australia) Limited ABN 80 008 515 633, AFSL 236465 (NULIS), as trustee of the MLC Super Fund ABN 70 732 426 024. NULIS is part of the Insignia Financial Group of companies comprising Insignia Financial Ltd ABN 49 100 103 722 and its related bodies corporate (Insignia Financial Group). This information is general in nature and does not take into account your objectives, financial situation and needs. Before acting on any of this information you should consider its appropriateness, having regard to your objectives, financial situation and needs. You should consider obtaining financial advice before making any financial decisions based on this information. It is recommended that you consider the relevant Product Disclosure Statement (PDS) relevant Insurance Guide and Target Market Determination (TMD) before you make any decisions about your superannuation or insurance. You can obtain the latest copy of the PDS (or other disclosure documents) and TMD by calling us on 132 652 or by searching for the applicable product at Any general tax information provided is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.

Opinions constitute our judgement at the time of issue and are subject to change. Neither NULIS nor any member of the Insignia Financial Group accept responsibility for any loss or liability incurred by you in respect of any error, omission or misrepresentation in the information in this communication.

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