Add money to your super

In addition to the 9.5% of your pay your employer must add to your super account, you can grow your super faster by adding in extra money.

You can make one off payments at any time or set up an automatic set and forget savings plan through your employer or bank. It can be easier to save small regular amounts than making large one off payments.

What type of payment will give your super the biggest boost?

Before adding money to super you need to decide whether to add after tax or before tax money. You can also choose to add money straight to your spouse's super or, if you're eligible, claim a tax deduction on the amount you contribute

We explain the differences and how to make the payments in the drop down boxes below. You can also find out which way suits you best using the government's MoneySmart Super Contributions Optimiser

Please note: it's important to ensure you provide the correct BSB, account number or biller code when entering your payment details, as it may not be possible to recover your money if it’s paid to the wrong account. 

Add after tax money

This is money you can add to your super from your take home pay or other investments or savings. If you earn less than $51,021 pa, adding after tax money to super may qualify you to receive a government co-contribution. Read more... 

BPAY®
Make a one-off transfer or set up regular payments
Biller code: 127 175 
Reference: Your account number (which you can find by logging in to your account and looking under 'Your Account' then 'Account summary' or by calling us)

Bank transfer
Make a one-off transfer or set up regular payments
Bank: Commonwealth
BSB: 064 000   
Account: 10 580 195
Reference: PC + your account number (which you can find by logging in to your account and looking under 'Your Account' then 'Account summary' or by calling us)

Payroll deduction
Ask your employer to make regular payments straight from your pay by giving them an Authority to deduct from my pay form


Are you over age 65? If so, you can only add extra money to super if you work enough hours. To confirm you're eligible, please send us an At work declaration form right before or after you make your payment. You can't add after tax money to super once you reach age 75.

Add before tax money

Adding money to your super from your before tax pay is also known as salary sacrifice. This can be a good strategy to grow your super while paying less tax. Read more...

To set up regular payments into your super you need to ask your employer if they’ll agree to add money from your before tax pay. You can do this by giving them an Authority to deduct from my pay form. You can't make one off payments with before tax money.

Add money to your spouse's super

You can add money straight into your spouse's super account to build up their balance. This may also qualify you for a tax rebate of up to $540 per year. Read more... 

BPAY
Make a one off transfer or set up regular payments
Biller code: 333 567
Reference: Your spouse's account number (which they can find by logging in to their account and looking under 'Your Account' then 'Account summary' or by calling us)

Bank transfer
Make a one off transfer or set up regular payments
Bank: Commonwealth
BSB: 064 000
Account: 10 580 195
Reference: SP + your spouse's account number (which they can find by logging in to their account and looking under 'Your Account' then 'Account summary' or by calling us)


Is your spouse over age 65? If so, you can only add extra money to their super if they work enough hours. To confirm your spouse is eligible, please send us an At work declaration form right before or after your payment. You can't add money to your spouse's super once your spouse turns age 70.

Add money to your super and claim a tax deduction

Certain people can claim the amount they add to their super as a tax deduction. This includes people who are self employed or receive the majority of their income from investments or government pensions or allowances. Visit the Australian Taxation Office website for more information. 

If you qualify, please send us a completed Deduction for personal super contributions form when making your payment. Otherwise, we'll process your payment as an after tax contribution.

BPAY
Biller code: 343 210
Reference: Your account number (which you can find by logging in to your account and looking under 'Your Account' then 'Account summary' or by calling us)

Bank transfer
Bank: Commonwealth
BSB: 064 000
Account: 10 580 195
Reference: DC + your account number (which you can find by logging in to your account and looking under 'Your Account' then 'Account summary' or by calling us)


Are you over age 65? If so, you can only add extra money to super if you work enough hours. To confirm you're eligible, please send us an At work declaration form right before or after your payment. You can't add money to your super once you turn age 75.

 

Other things you should know

Keep an eye on how much you're adding to super each financial year

The government limits how much you can add to your super each year and still receive a tax concession. These limits are called contribution caps. Find out your contribution cap

Do you have super elsewhere?

If you have money with other super funds, you can combine those accounts into your Mine Wealth + Wellbeing Super account and save on multiple fees, receive less paperwork and reduce your chances of losing track of your super. You can combine your super online using our Consolidation Tool.

Check we have your TFN

The law says that if we don't have your Tax File Number (TFN) any before tax money you add to your super will be taxed at the top marginal rate of 47%, including the Medicare levy, rather than the usual 15%. We also won't be able to accept your after tax money. This means you’ll miss out on the government co-contribution if you’re eligible. Provide your TFN using the Provide your Tax File Number form, logging in to your Member Account or by calling us on 13 MINE (13 64 63).

® Registered to BPAY Pty Ltd ABN 69 079 137 518