UNDERSTANDING SUPER

Superannuation is a regulated, tax effective savings program, to which your employer makes superannuation guarantee (SG) payments as part of your pay, designed to help you have enough money of your own to live on in retirement - without having to rely on the government pension.

OUR PRODUCTS

Make smartMonday the choice of a lifetime

We've got you covered –with accounts for your working week¹ (PRIME) to accumulate your super savings; and accounts for your weekend¹ (PENSION) – to provide you income in, or as you transition into, retirement.

For your working week

PRIME

Our accumulation account designed for members

who are still growing their super

PRIME

For your weekend

PENSION

Our pension account designed for those transitioning into or enjoying retirement.

PENSION

CONSOLIDATION

Find and consolidate your super

Of all the smart easy actions you can take, combining your super accounts is one of the things you should consider2.

Take back control of your super
No doubling up on unnecessary fees and premiums
More money working for your weekend

Learn more

CONTRIBUTIONS

Grow your super

Topping up³ your super can be a great way to accelerate your savings, take advantage of government incentives and turn on the turbo power of compound earnings. And it starts with being smart with your, PAYG (pay-as-you-go) tax ⁴

Salary sacrifice

Top up before PAYG tax

Personal contributions

Top up after PAYG tax

Spouse contribution

Top up with help from your spouse

See all options

SMARTCOACHES

Meet our smartCoaches and see how we compare

Your secret weapon in the war against wasted opportunity! Our smartCoaches are on hand with coaching and advice to help you get your contributions, insurance and investments into shape – at no extra cost.

Watch our video - Get to know the smartCoach

Meet your smartCoaches

Changing employer? Take us with you.

If you change jobs, it’s super easy to take your smartMonday super with you.

Learn more

Access your super

Because your super savings are there to fund your ‘weekend’, you can normally only access your super once you’ve reached retirement age. In Australia this is a little complicated…

Learn more

¹ Source: Spenditude, Wiley Publishing, 2020

² You should consider the different fees and costs, amount of insurance cover offered and any other relevant information before deciding to consolidate super accounts. Consider seeking personal financial advice and review your personal objectives, financial situation and needs, and ensure that the insurance cover in your primary fund is adequate for your needs. Any insurance cover available in your secondary fund may be cancelled as a result of the consolidation unless you apply to transfer that insurance into your smartMonday account - subject to acceptance by our insurer.

³ Top ups may be subject to eligibility criteria and contribution limits may apply.

⁴ Pay-As-You-Go tax (PAYG), is a withholding tax on income payments to employees. Amounts withheld are treated as advance payments of income tax due and are submitted directly to the Australian Tax Office (ATO) by the employer. Australian tax law allows voluntary contributions to superannuation to be made from an individual’s salary prior to withholding tax (PAYG) on that salary being calculated. Contributions paid in ‘pre-tax’ dollars are subject to a 15% contribution tax at the time they are paid into your super account. However, there are caps on the total amount of pre-tax contributions that can be made to your superannuation account each year at this concessional tax rate.