Super for uni students

Know the super basics

Superannuation is designed to help you save money while you’re working to spend when you retire. Some of the savings are compulsory. You should understand what you’re entitled to, so you don’t miss out on any payments.

Your employer will automatically contribute to your super if you are an eligible employee. While you’re working as an employee, your employer must pay a minimum amount, which is 11% of your ordinary time earnings in 2023-24, into your chosen super account. This is known as the Superannuation Guarantee.

You can also contribute money to your super to help your super balance grow.

Choose a super fund to suit your personal needs

Selecting a high-performing super product rather than an underperforming one can significantly boost your retirement income.

It may help you to pick a fund that can offer super solutions for your lifetime, now and through your retirement. You may also want to pick a fund that has options you can choose where experts take care of investing for you, or you can have more control over your investments.

5 considerations when comparing super funds:

• Fees – Paying more in fees can affect your super balance now and in retirement, so get the complete picture on fees and costs.
• Investment options – Look for a fund that offers world-class investments built by experts to fund your future. You may want to leave investing to the experts or take more control of your investments. Remember your needs may change over time.
• Performance – Super is a long-term investment, so outstanding outcomes with a focus on long-term returns are important when picking a fund.
• Insurance – See what insurance your fund offers and what it costs.
• Service and support – From accessing your super online or an app, or extra services such as advice about your super, see what your fund can offer you.

See how we compare

Find any lost super

You want your super working hard for you but if you’ve ever changed your name, address, job or lived overseas, you may have unintentionally lost track of some of your super.

Super can be lost when your super fund can no longer contact you (lost and uncontactable) or if your account is inactive, such as not receiving a contribution in over 5 years.

It’s easy to find your lost super.

Put all your super in one place

Having several super accounts can mean paying several sets of fees and potentially insurance premiums.

Consolidating or combining your super,¹ means putting all your super into one account.

Benefits of putting all your super in one account include:

• paying fewer fees
• reducing paperwork
• being able to better keep track of your super
• avoiding paying extra insurance premiums.

Get a super boost from the government

The Australian Government may help you grow your super. You might get be eligible for one of these bonuses:

• Government super co-contributions
• Low-income super tax offset

Keep track of your super

Your super is a long-term investment and you’re likely to have very different investment needs when you’re at uni than when you’re getting ready to retire.

We have calculators to help you  find out how big a boost your super will get by putting a little extra in now,  how much super you’ll need for retirement, how much super you’re on track to receive when you retire, and even how much super you should have at your age.