Use our handy calculators to help you make the most of your super.Go to calculators
Super is your savings for retirement. Your employer pays it into your super account, in addition to your salary. Generally, you’re entitled to 10% of your ordinary time earnings (OTE). And if you can choose your super fund, you can choose Cbus.
For the average Australian worker, superannuation is likely to be their biggest asset other than their home.
So it’s well worth looking after.
Super is the quiet achiever. It works hard behind the scenes to build long-term financial security to see you through retirement. Your super fund invests your money so that it earns as much as possible over your lifetime.
Even if you have no idea how you’ll want to spend your retirement, it’s worth planning ahead to get your super working as hard as you do. Small changes now can make a big difference to your lifetime super savings.
To get the best from your super fund performance with Cbus, you can choose how your super is invested. Our investment options vary in risk and return. Consider your timeline and long-term goals to assess how you want to invest your money.
The ideal investment choice will:
Learn more about our investment options.
Cbus offers the financial protection of insurance cover. When you join, you get to choose your level of cover. As your circumstances change, you can make adjustments to your cover to suit your needs.
Learn more about our insurance options.
When you’re planning for retirement, it’s important to consider:
Learn more about retirement.
If you’ve changed jobs, you may have super in a number of different accounts. And it’s likely you’re paying more fees than you need to. By consolidating your super into one account you could:
There is important information for you to consider before consolidating. View the checklist and when you're ready you can consolidate your super.
If you want to grow your super faster, you can make extra after-tax contributions into your super account. With interest compounding over time, even a small additional payment now can make a big difference over your lifetime.
If you’re a lower income earner, the Government offers a co-contribution to encourage you to make extra after-tax contributions to your super. You may be entitled to up to $500, a welcome boost for your super.
How can I make a super contribution?
Find out about the Government Co-contribution.
If you’ve had many super funds over your working life, you may have forgotten to update your details with your fund. Any super accounts you’ve lost track of may have been transferred to the Australian Tax Office (ATO).
You can search for your lost super yourself, using the ATO’s myGov service. Remember, it’s your retirement savings and you’re entitled to claim it.
If you’re starting out in the workforce, superannuation might be the last thing on your mind. But the choices you make now can make a big difference later on in life.
Read the Apprentices handbook (PDF).
When you change jobs, it’s easy to stick with us. No matter what type of work you'll be doing in your new job, you can still keep your super with Cbus.
Ask your new employer if you can bring Cbus with you.
If you’re leaving your job to start business as a sole trader, and you want to make self-funded super contributions, stay with Cbus to enjoy continued benefits.
Download this application to transfer your Cbus Super account into Cbus Super for Sole Traders (PDF).
If you’ve been made redundant, there’re a number of things you need to take into account regarding your super.
If you’re entitled to a redundancy payment, you’ll need to consider:
If you have death and permanent disability insurance with Cbus, you can rest assured your cover will continue even after you cease working, unless your cover ceases for another reason.
Depending on your age and the circumstances, you may be able to access your super.
You could also benefit from starting a super income stream to provide you with regular income payments while saving you tax.
Visit the ATO website for more information on how tax applies to your redundancy payment and super.
If you’ve become redundant and need some help, Cbus provides access to advice services as part of your administration fee.
Call 1300 361 784 (within Australia - 8.30am to 6pm Monday to Friday AEST/AEDT).
For more information, read the Cbus benefits fact sheet (PDF).
Cbus offers our members access to our secure online account facility.
Managing your super account online is easy: