Super in focus
Retirement plans on the agenda for 45 to 54 year olds
With retirement getting closer, you’re probably starting to think more carefully about life after the workforce. Now is the time to make the smart choices that will help make your retirement years the best of your life.CSS members look to the finish line
Deciding 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 ask yourself the important questions.
Online estimator helps CSS members plan
As you get closer to retirement, you’ll be able to get a clearer picture of what your final benefit is likely to be. The online CSS i-Estimator in Member services online will let you see if you’re on track to achieve your lifestyle targets, or if there’s still more that you need to do.
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 for 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.
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 find out more about Changing investment strategies.
Super strategies target upcoming 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.
‘With the kids finishing school and moving out of home we found we had a bit more money to spare, so we decided to increase our supplementary contributions. We don’t really notice the difference now but we know that putting that extra money aside will give us more peace of mind when we decide to stop working in the next few years.’– Graham and Laura, 50
