Super in focus
55+ members step into a new life
As you near the end of your time in the workforce, it’s exciting to look forward to the new life that’s ahead of you. But now is also the time to adapt your strategy if necessary to ensure smooth sailing for your retirement years.Retiring CSS members take stock
Knowing when you’d like to finish work and what you’re going to need for your retirement will help you plan your super choices between now and then. To make sure you’re on the right track, have another look at Future needs guide super choices and see if anything has changed since you last asked these important questions.
Online estimator helps CSS members plan
To check if you’re on track to achieve the lifestyle you want when you finish work, use the online CSS i-Estimator in Member services online to check your potential benefit. This tool will help you see what all your hard work has achieved.
Government offers super co-contribution to boost retirement savings
If your income is less than $61,920*, and you choose to contribute to your super, you may qualify for the government’s super co-contribution. If you do, the government will contribute up to one dollar for every dollar of after-tax income you put towards your super, up to a maximum of $1,000. Our Super co-contributions fact sheet has more information on how to qualify and how much you can get.
* Subject to eligibility requirements and caps which are explained in the fact sheet.
For more information on your CSS contribution options, have a look at our Contributing to the CSS fact sheet. If you would like to change your contribution rate, just complete the Election to vary contribution rate form available on our website.
CSS gives members investment choice
If you haven’t made an investment choice, your super will be invested in the Default Fund. You can choose to move your super out of the Default Fund and place it in the Cash Investment Option. For many people, the length of time they have before they plan to withdraw their super affects the way they choose to invest it, so to find out more about Changing investment strategies.
Super strategies target retirement
You can get more information about the CSS and the right super strategies for this stage of your life by visiting the Lifestages page online.
‘I knew exactly when I wanted to retire, so in the last few years I really worked to secure my final benefit by making sure I had the right investment strategy and increasing my contribution rate to the maximum level. That last little burst cemented all my hard work over the years so that I was in a good position to retire when I was ready.’– Deb, 58
