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How super works

Super is designed to help you save for retirement. Your employer makes contributions, and you can also make additional contributions to boost your savings.

It’s made up of compulsory payments, such as the Super Guarantee (SG) contributions your employer pays for you, and non-compulsory payments, such as the amounts you put in to boost your super savings.

It’s there to provide savings for your retirement and for that reason there are strict rules on when you can access your super savings.

Your super fund will charge certain fees and costs to cover the cost of administration and investments. You will also pay premiums for any insurance cover you have in your super account. Insurance in your super can be a tax effective way to access cover, but is not compulsory, you can opt out at any time.

Your super savings are invested according to your investment choice and the returns from these investments are added to your account. If you keep contributing to your super, you can expect it to grow over time, depending on your investment choice and on the amplifying effect of compound interest.

When thinking about your super it’s important to take a long-term view. Over the short term it will fluctuate up and down, depending on your contributions and the performance of your investment choices.

At ANZ Staff Super we position our investments to perform favourably over the long term, while seeking to protect members’ balances during periods of short-term market volatility.

Disclaimer

ANZ Staff Superannuation (Australia) Pty Limited ABN 92 006 680 664 AFSL 238268 RSEL L0000543 (“Trustee”) is the trustee of the ANZ Australian Staff Superannuation Scheme, ABN 83 810 127 567 RSE R1000863 (“the Scheme” or “ANZ Staff Super”) and product issuer of ANZ Staff Super products for current and former ANZ staff and their partners.

The information provided on this website is general in nature and does not take into account your personal financial objectives, situation or needs. You should consider your objectives, financial situation or needs, and the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the ANZ Staff Super products before making any decision about ANZ Staff Super.

Any past performance information is given for illustrative purposes only and should not be relied upon as an indication of future performance.

This website is provided by the administrator, Australian Administration Services Pty Ltd (ABN 62 003 429 114). The Trustee pays a fee for the provision of this service, however this fee is not conditional on you using this service or acting on the information or advice provided through this service. This website was prepared in good faith and we accept no liability for any errors or omissions.