Your lifestyle in retirement will largely depend on your super savings. Your super will form an important part of these savings.

For most members, your ANZ Staff Super benefit statement includes a retirement forecast showing an estimate of your projected super benefit at age 65. It’s intended to give you an idea of what your super benefit and retirement income might look like based on your ANZ Staff Super account, and the impact additional contributions could make.

To view your latest retirement forecast, log in to your ANZ Staff Super account, using your member number and password and click on 'Account statements'. If your statement doesn't include a retirement forecast, you can estimate your projected super balance using Model my Super.

IS YOUR SUPER ON TRACK?

Does your projected balance look like it will go the distance? You can give your super a boost with additional pre-tax or after-tax contributions. And depending which strategy you choose, you may also receive a tax break or a Government co-contribution.

SCORE A TAX BREAK

Marginal tax rates in Australia range from 19% to 45% (excluding Medicare levy). Contributions to super from your pre-tax salary (also known as salary sacrifice contributions) are taxed at 15%, provided you don’t exceed your concessional contribution limit and your income is less than $250,000. This means you may be able to build your super with salary sacrifice contributions while also receiving a tax break.

MOVE UP THE LEADERBOARD WITH THE GOVERNMENT CO-CONTRIBUTION

If you earn under $42,016 (including any reportable fringe benefits or super contributions) for 2022/23, make personal (after-tax ) contributions of $1,000 (around $20 a week) and meet other eligibility requirements you’ll receive the maximum Government co-contribution of $500.                    The co-contribution works on a sliding scale so even smaller personal contributions may still be eligible for a co-contribution, as shown here:

For more information on co-contributions including eligibility requirements, contact the ATO on          13 10 20 or visit their website.

1. Bring your super together

If you’ve had other jobs, there’s a chance you may have super with other funds. Or if you’ve changed address, you may have lost super with the ATO. Bringing your super together makes managing your super easier and may help save on fees. To combine your super, log in to your account and click on ‘Find lost super’. Before combining accounts, make sure you understand any fees or costs associated with the transfer and the impact it may have on any insurance you hold.

2. Review your investment choice

You can’t control the ups and downs of investment markets but you can control how to invest your super. We can help you review your investment choice and determine what’s most appropriate for you. Ensure you’re making an informed decision. Call us on 1800 000 086 for assistance.

3. Review your insurance cover

Insurance through ANZ Staff Super can provide you with peace of mind should the unexpected happen. Most members have death and Total and Permanent Disablement (TPD) cover. Log in to your account to find out the types and amounts of insurance cover you have and what it costs.

If you’d like to change your insurance cover, ANZ Staff Super’s insurance options are flexible. You can apply to tailor your death and TPD cover to suit your needs and add optional salary continuance insurance. Terms and conditions apply.

4. Nominate beneficiaries

Make sure we know who you would like your super and any insurance benefit paid to in the event of your death by nominating your beneficiaries. 

Log in to your account to make a non-binding nomination. This lets us know who your preferred beneficiaries are. To make sure your super is paid according to your wishes, you can make a binding nomination by completing and returning a Nominating your beneficiaries form. Once you’ve made a nomination, you should keep your beneficiaries up to date with any changes in your life.

5. Get super educated

Expand your knowledge with our online super videos. Hosted by recruits Kooki and Roo, the videos break down important topics like changing jobs, growing your super and planning for retirement into easy, bite sized pieces of information.

6. Talk to us, we’re here to help

For help with any of the steps above, talk to us. We’re here to help you make the most of your super and create the future you want in retirement:

               • Call us 1800 000 086

               • Email us anzstaffsuper@superfacts.com

General or limited advice provided over the phone is available at no extra charge.

Financial advice

Get the advice you need about contributing to your super. You can contact an ANZ Staff Super financial adviser on 1800 000 086 who can give you limited advice on the types of contributions you may make to your super.

The Trustee of ANZ Staff Super has entered into an agreement with Mercer Financial Advice (Australia) Pty Ltd under which Mercer's financial advisers have been engaged to provide members with general or limited personal financial advice about options available within ANZ Staff Super over the phone for no extra charge. 

These financial planning services are provided by Mercer Financial Advice (Australia) Pty Ltd ABN 76 153 168 293, AFSL #411766. Any advice provided by Mercer's advisers is not provided or endorsed by the Trustee and is not provided under the Trustee's AFSL.