Boost your super the easy way

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					YOUR SUPER




                                                                                                How to protect your pay
                                                   Boost your                                   packet
                                                    super the                                   Are you paying a mortgage or rent?
                                                    easy way                                    Do you have a family?
                                                                                                Are you 100% responsible for your own finances?
                                                                                                If you answered “yes” to any of these questions, consider
                                                                                                insuring your income. HESTA’s low-cost income protection
                                                                                                insurance pays a monthly income if you’re sick or injured
                                                                                                and can’t work.
    It’s never too late to boost your super and there are many ways
                                                                                                You won’t need to hit the household budget, either—your
    to make sure you have enough to fund the retirement lifestyle
                                                                                                HESTA insurance premiums come straight out of your super
    you have been dreaming of; we’ve outlined just five below.
                                                                                                account.
    1. Make voluntary contributions                                                             Here’s how you can get help to meet your
    You may be able to make either regular periodic payments or
    occasional lump sum contributions to your QSuper account, and                               expenses if your health prevents you from
    even small regular weekly payments can make a difference over                               working:
    the long term. It’s important to note that any money contributed                            1. Check your HESTA membership to see if you’re already
    to super cannot be accessed until you retire after preservation                                covered.
    age. (See our website for more details.)                                                       You may have selected income protection insurance when
    2. Stay in the workforce longer                                                                you joined HESTA. Free call 1800 813 327 if you’re unsure.
    Join the semi-retirement trend! Staying in the workforce longer,                            2. Work out how much income protection you want with
    even on a part-time basis, will enable you to accumulate a larger                              HESTA’s insurance calculator.
    balance before you retire—just a few extra years accumulating                                  Visit www.hesta.com.au/calculate and enter your details to
    savings could make a real difference to your super.                                            get an idea of how much cover you want, and how much it
    3. Maximise your standard contributions                                                        will cost.
    Most Queensland Government employees can make standard                                      3. While you’re there, check your death and disability cover.
    contributions of up to 5% of their salary and if you maximise                                  The calculator also lets you calculate how much death and
    your standard contributions, you will in turn receive a higher                                 lump-sum disability insurance you need, and the impact
    employer contribution (up to a limit).                                                         your insurance
				
DOCUMENT INFO
Description: Maximise your standard contributions Most Queensland Government employees can make standard contributions of up to 5% of their salary and if you maximise your standard contributions, you will in turn receive a higher employer contribution (up to a limit). [...] by salary sacrificing your standard contributions from your pre-tax income you may reduce the amount you pay in tax; then simply contribute these tax savings back into your super. 5.
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