It is with great pleasure that we officially welcome you to Brighter Super. As of 1 July 2022, LGIAsuper will be known as Brighter Super. Read more here.
Most wage and salary earners already receive super payments from their employer through Superannuation Guarantee (SG) contributions. Those payments, which are currently 10.5% (for financial year 2022/2023) of ordinary income, can go a long way towards building a lump sum to help fund your retirement.
But there are other ways to put money into your super including from your pre-tax salary (sometimes called salary sacrifice), your after-tax income, or as a spouse contribution. Your Brighter Super Accumulation account is flexible, so you can make regular payments or lump sum contributions – with no entry or exit fees.
If you are employed, your employer will already be contributing into your superannuation. If you can afford it, there are several ways to make additional contributions and grow your retirement savings.
Anybody aged under 75 can make personal contributions to super either as a lump sum or regular payments. Most people can also claim a tax deduction for their contribution.
From 1 July 2022, people aged 60 and over have been able to make a contribution to super of up to $300,000 from the proceeds of selling their home.
The First Home Super Saver (FHSS) Scheme lets you use your Brighter Super account to help grow a house deposit. Under the scheme, you can contribute up to $50,000 to super and later withdraw the contributions to put towards the deposit on a home
Save on fees and hassles by bringing all your accounts across to Brighter Super.
Use our retirement income calculator to get an idea of your future finances.
We run free seminars on a range of topics right across Queensland.