Contributions into your account may occur in the following ways:
Employer contribution
Government legislation requires your employer to pay a minimum level of compulsory Superannuation Guarantee Contributions (SGC) for you. This minimum level, as a percentage of your ordinary time earnings, is currently 9% where earnings exceed $450 per month. If you are covered by an Award or Employment Agreement that specifies an amount that is more than the SGC amount, your employer must pay the higher amount on your behalf.
Salary sacrifice contribution
You may have an arrangement with your employer to have a portion of your salary taken out and paid as extra contributions to your super account before you pay tax.
Note:
There is a limit to the amount of salary sacrifice you can make before incurring extra tax. Please refer to the Australian Tax Office (ATO) website – www.ato.gov.au for further information.
Personal contribution
You can make a personal (after tax) contribution at any time.
Contribution may be made via:
1. Cheque
Make payable to:
Australian Christian Superannuation (Please make sure you write your membership number on the back of the cheque)
or
2. Electronic fund transfer (EFT) your payment to ACSuper.
EFT details:
Bank: Commonwealth Bank of Australia
BSB: 063-146
Account Number: 10324370
Reference: [please include your membership number or your full name]
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Please ensure that you identify yourself in your payment by quoting your membership number or your full name so that it can be correctly allocated to your account. In addition, please email or call our client service to let them know of your contribution.
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Note:
a. There is a limit to the amount you can contribute each financial year. Excess contributions may incur heavy tax penalty.
Please refer to the Australian Tax Office (ATO) website – www.ato.gov.au for further information.
b. Contribution is acceptable only via Cheque or electronic fund transfer. We are not able to accept cash or credit card contributions.
Rollover
You can transfer superannuation benefits from your other superannuation fund/s to ACSuper. This will not only consolidate your superannuation to one place for easy access and tracking, but will also help you save in the fees paid to each of the superannuation accounts you have.
To transfer your other superannuation benefits, please complete the “Rollover Request” form. You can download the form from www.acsuper.com.au or call our client service team on 1800 856 653.
Government co-contribution
If your income is below the government co-contribution threshold for the financial year, you may be entitled to the co-contribution payment if you make a personal contribution.
For further details on government co-contributions, please refer to the Australian Tax Office (ATO) website – www.ato.gov.au