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.
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