Under 30 – The world is your oyster
Get it all together
Having all your super in the same place may save you lots of money. And it’s quick and easy to do.
If you've changed jobs, you may have more than one super fund. You may even have lost track of some accounts. Multiple super accounts can mean multiple fees, and many have default insurance arrangements with premiums that can drain your savings.
Finding your lost super and combining your super accounts can see you substantially better off in retirement*.
Know where your super is?
If you know where your other super is, you can combine them all online through your Media Super account or call our Super Helpline on 1800 640 886 to combine accounts over the phone with the help of one of our friendly staff. All you need is five minutes, your TFN and the name(s) of your other fund.
No time to search for lost super?
Just log in to your account and register your Tax File Number for a SuperMatch search and we'll do all the work for you.
Our Business Development Managers are also available to help you find and combine your super. They can assist you with locating your other super if you’re not sure where it is, and can walk you through using your account to combine all of your super.
Find your local Business Development Manager in your area.
*Before making a decision to combine, you should consider any penalties such as exit fees, change to insurance cover or loss of benefits that may apply and if necessary consult a qualified Financial Advisor.
Sacrifice a cup or two of coffee a week
A few dollars each week probably won’t be missed, but may see you substantially better off in retirement.
Two cups of coffee costs around $7.20 per week, or $374.40 per year. Why not use this amount as a starting point for making extra contributions?
Try our Contributions Calculator to see how much you can save by adding the money from your sacrificed cups of coffee to your super.
There are multiple ways you can put extra money in your super, two easy option are:
Salary sacrifice – through an agreement with your employer to pay some of your pre-tax salary into your super account.
Voluntary contributions – this is where you make contributions from your take-home pay.
Each option has different advantages, so call our Super Helpline on 1800 640 886 and our friendly staff will talk you through the options.
See if you can get some savings help from the Government
Do you earn less than $52,697* pa? If you do, you may qualify for Government top-ups to your super.
It might sound too good to be true, but it’s not.
The Government Co-contribution is a payment made by the Federal Government. It rewards you for making additional after-tax contributions to your super by matching 50% of voluntary contributions made (within limits set by law).
The maximum co-contribution of $500 applies for people earning up to $37,697* who have made a voluntary after-tax contribution of $1,000 to their super account.
The co-contribution then reduces by 3.333 cents for each dollar of income above $37,697. If you make a voluntary after-tax contribution of less than $1,000, the amount of co-contribution applicable will also reduce.
If you are eligible for a Government Co-contribution, it will be automatically calculated by the Australian Tax Office and deposited in your super account each year after you lodge your tax return.
You may be eligible for the co-contribution if:
• you make an after-tax contribution to a super fund in the income year, for which you do not claim a tax deduction
• you receive at least 10% of income from employment (either as an employee or self-employed)
• you are under age 71 at the end of the financial year in which you make the contribution
• you lodge your tax return for the year in which you make the contribution
• you do not hold a temporary visa at any time during the income year, unless you are a New Zealand citizen or holder of a prescribed visa.
You can check your eligibility and possible Government Co-contribution by using the Contribution Calculator or by calling our Helpline on 1800 640 886.
To get your co-contribution you need to make an after-tax contribution to your super before the end of the Financial year. You can do this quickly and easily through BPAY™ with your phone or internet banking. You can find your BPAY™ details on your Media Super member card, by logging into your account online at mediasuper.com.au or by calling our Helpline on 1800 640 886. You can download your digital member card by logging in to your account and following a few simple steps.
Low Income Super Tax Offset (LISTO)
If you earn less than $37,000 a year and your employer, or you, makes before-tax super contributions, then you can receive a refund (the LISTO) of the contributions tax of 15%. You can receive a LISTO of up to $500. The LISTO is automatically applied after you lodge your tax return with the ATO. To get the LISTO, you need to make sure that you have provided us with your TFN, otherwise a higher marginal tax rate may be applied to all contributions into your super account.
* Applicable for the 2018-19 financial year.
Make sure we have your correct details
To avoid losing touch with us, and losing track of your hard-earned super savings, make sure that we have all your correct contact details and your Tax File Number on record.
It’s easy and only takes a couple of minutes!
Just log in to your Media Super account. All you need is your member number (this will be on your latest statement) and your PIN.
Forgotten your PIN? Don't worry, you can reset it online or request a new one from our Super Helpline on 1800 640 886.
To receive your Imprint e-newsletter straight to your inbox each month, make sure we have your email address.
On the phone
If you’ve forgotten your log in details, can’t find your member number, or just prefer to do things over the phone, call our Super Helpline on 1800 640 886.
The easiest way to stay up to date with what is happening in the Media Super community and the superannuation industry is by following us on Facebook, Twitter, LinkedIn or Instagram.
At Media Super we go out of our way to help our members thrive in all aspects of their life, now and in the future. By following us online you’ll be able to keep up with the key things that are happening in your industry, learn about your fellow members, see what Media Super is doing to help your industry thrive and get useful tips to improve your financial wellbeing.