If you want to make a voluntary contribution before the end of the 2022/23 financial year, please do so by Friday 23 June 2023. This will allow plenty of time for processing.
We all want to enjoy a future that’s full of good stuff. Boost your super balance by making additional payments above and beyond your employer’s compulsory contributions – you’ll be surprised how even small amounts can make a big difference over time.
You should always seek financial advice and consider your personal financial circumstances before making additional contributions.
Take a set-and-forget approach to super contributions by setting up a salary sacrifice scheme with your employer. The money comes directly out of your pre-tax pay and is put into your super before you even realise it’s gone. It’s a small sacrifice now that can have huge benefits over time.
If you’re a low or middle-income earner and make after-tax contributions to your super, you might be eligible for the government’s co-contribution scheme. If you qualify, you could have up to $500 paid directly into your super each year.
Contribute to your partner’s super and share the benefits in retirement together. If your partner is a low-income earner, or is taking a break from work, you might be able to make contributions to their super, allowing you to grow their savings and reduce your tax bill in one simple step.
Grow your super in just a few clicks with a voluntary after-tax contribution. Each Hostplus account has a unique BPAY reference number, so you can easily set up a regular payment or contribute a one-off sum. How much and how often is up to you, but it all goes towards helping you achieve a positive financial future.
Find your BPAY details in Member Online, on the Hostplus app, or on your Hostplus statement. You can use our direct debit form to set up regular recurring payments.
Please note that contribution caps apply.
You can also claim a tax deduction for your voluntary after-tax contributions. To do so, you must complete and send us a notice of intent form.
Once we’ve confirmed that your claim has been accepted, you can then complete your tax return.
Email your completed form to email@example.com or send it to:
Locked Bag 5046
Parramatta NSW 2124
Please note that eligibility rules apply – visit the ATO website for details. Check the FAQs below to see what contribution caps apply and how much you’re able to claim.
If you find yourself with multiple super accounts, merging these into one single Hostplus account could offer lots of positives – like saving money on multiple fees. Plus, because it’s all in one place, you’ll be able to manage and track your investments more easily. Before you consolidate, there’s a lot to consider. Always do your own research or seek financial advice to make sure it’s right for you.1 Follow the link below for more information.
1. Before consolidating your super, you should check with your existing super fund on whether there are any fees or charges that may apply or any loss of benefits, such as insurance cover. If you have insurance cover with another super fund, you may be able to transfer that cover to Hostplus. To find out if you are eligible visit hostplus.com.au/insurance to learn more. You may also find it beneficial to obtain advice from a licensed financial adviser.
Many people have unclaimed super – and they don’t even know it! If you’ve switched jobs, forgotten to update your account details, or changed your name or address, you may have some lost super waiting to be found. Here’s how to get it back and working for you.
The Federal Government introduced the First Home Super Saver Scheme (FHSSS) to help Australians buy their first home. If you’re eligible, you can make voluntary contributions into your super account to help save towards a deposit. The benefit? It could save on tax compared to using a standard deposit account.
Your super is an important part of your future financial happiness. Understand how it works and why making voluntary contributions may be a good option.
Want to know about super and investments? To get you up to speed, we’ve developed some handy articles on topics ranging from choosing the right investment option to planning for retirement, and more.
At Hostplus, you get all the tools, services and advice you need to manage your super. And it’s all in one place. From financial advice to calculators, guides, fact sheets and forms, you can easily find the information you need.
Getting the right financial advice now can help set up your future. At Hostplus, we offer a range of advice options to help you understand the most effective way to make voluntary contributions, from our SuperAdviser digital tool to face-to-face sessions with our financial planners.