UniSuper
UniSuper is the industry fund dedicated exclusively to all who work in the Australian higher education & research sector.
About My Super
Your UniSuper membership gives you the option and features to help build and manage your super throughout your working life and into retirement. Your membership is also portable across the higher education and research sector, so you can stay with UniSuper throughout your career.
Super Seminars
UniSuper runs free seminars for members throughout the year which cover a range of topics.
- How can I find out more about the difference between a Defined Benefit Account and an Accumulation Account?
- Are there limits to the amount that I can contribute to my superannuation?
- How do I find out how much I have contributed so far for this tax year and whether I am near the contribution limits?
- Can I decrease or stop my Member Contributions into UniSuper?
- How can I make a Voluntary Contribution into UniSuper?
- How can I calculate what effect a salary sacrifice into superannuation will have on my take home pay?
- I have a proposed retirement date, how can I get a quote on my superannuation pay out?
- How can I find out more about Transition to Retirement?
- How can I find out about the Pensions that are available to me upon retirement or during Transition to Retirement?
How can I find out more about the difference between a Defined Benefit Account and an Accumulation Account?
Please read the attached brochure on Super for Defined Benefit Division and Accumulation 2 members.
If you require further information or explanation, contact your Recruitment and Employee Benefits Officer who will arrange a time for you to meet.
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Are there limits to the amount that I can contribute to my superannuation?
ECU does not limit what you can contribute to your superannuation however, there are limits imposed by the ATO and you will need to take these into consideration:
Changes from 1 July 2009:
- Limits imposed on deductible (concessional, pre-tax) contributions:
- Under 50 = $25,000 (includes employer contribution);
- 50 or over = $50,000 (includes employer contribution) and will apply to the 2009/10, 2010/11 and 2011/12 financial years. After this time, affected persons will revert to a $25,000 cap.
- If the member goes over the limit, they will be taxed at 31.5% (i.e. 15% super tax + 31.5% = 46.5%). Anything over the limit is counted in the post-tax limits.
- Limit on undeductible (non-concessional, post-tax) contributions is $150,000.
How do I find out how much I have contributed so far for this tax year and whether I am near the contribution limits?
Log into the Staff Kiosk and view the following:
- Payroll Details;
- List of old Pay Slips;
- Year to date – add Super figure and Employer Super figure together to get the total.
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Can I decrease or stop my Member Contributions into UniSuper?
Yes, but there are consequences and you will need to read the Fact Sheet at the beginning of the Contribution Flexibility form prior to making this decision.
To decrease or stop your Member Contribution, complete the Contribution Flexibility form available from StaffPLUS - Super Forms. Return the completed form to your Recruitment and Employee Benefits Officer for processing.
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How can I make a Voluntary Contribution into UniSuper?
To commence or change a post-tax contribution into UniSuper, you will need to complete a Voluntary Contribution form which is available from StaffPLUS - UniSuper Forms.
To commence a pre-tax contribution into UniSuper, you will need to complete a Salary Sacrifice form available from StaffPLUS - UniSuper Forms.
Return the completed form to your Recruitment and Employee Benefits Officer for processing.
To change an existing pre-tax contribution into UniSuper, please email your Recruitment and Employee Benefits Officer with full details of the previous contribution amount or %, the new contribution and the pay date you would like it to commence.
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How can I calculate what effect a salary sacrifice into superannuation will have on my take home pay?
Your Recruitment and Employee Benefits Officer can calculate the effect that a salary sacrifice amount will have on your take home pay. Please contact them directly.
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I have a proposed retirement date, how can I get a quote on my superannuation pay out?
Your Recruitment and Employee Benefits Officer can run a ‘point of time’ quote through the UniSuper system. This quote will not take into account any investment returns between the quote date and the date of your proposed retirement.
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How can I find out more about Transition to Retirement?
Please go to the UniSuper website at Transition to Retirement to find out more. If you would like to discuss this further with a UniSuper Consultant, please contact your Recruitment and Employee Benefits Officer so that a consultation referral can be sent to UniSuper on your behalf.
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How can I find out about the Pensions that are available to me upon retirement or during Transition to Retirement?
Your Recruitment and Employee Benefits Officer can supply you with a ‘Your Guide To Pensions’ booklet. If you would like to discuss this further with a UniSuper Consultant, a referral can be sent to UniSuper on your behalf.
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A World of Benefits for Staff@ECU