The key to preparing for your future is starting now. Take an active role in helping to grow your super by making contributions.

Making Contributions

Contributing to your super is easy. Your compulsory contribution is paid into your super on your behalf by your employer. Additional, voluntary, contributions can also be set up by your employer or you can choose to contribute a lump sum payment whenever suits you!

Watch our helpful video to understand the different types of voluntary contribution you can make and the benefits to topping up your super.

(2 minutes).

Does my employer contribute towards my super benefits?

For Division 5 members, employers must contribute at least the Superannuation Guarantee minimum rate (which is set by the Australian Government).

For Division 2, 3 and 4 members, employers must contribute at the rate determined by the ElectricSuper Actuary which is sufficient to fully fund all accrued benefits.

Can I make contributions?

If you are in Division 2, 3 or 4, you may pay ‘member’ contributions (which are linked to the benefit you receive from your employer) as well as ‘additional voluntary’ contributions (which are returned to you with earnings at retirement).

Division 5 members may pay additional voluntary contributions. Find out more on the Contributions page in our Learning Hub.

How should I pay my contributions?

There are 2 main ways of making contributions to your super. Depending on your income bracket and other circumstances, one contribution method may be more suited to your financial needs. Contributing using the most tax effective method can make a big difference to your financial position.

Pre-Tax
Post-Tax

Pre-tax contributions

Pre-tax (or ‘concessional’) contributions are where some of your pre-tax salary is exchanged for super contributions (a ‘salary sacrifice’ arrangement). Pre-tax contributions may offer tax advantages for people on a higher marginal tax rate as this type of contribution is taxed at 15% on payment into the Scheme.

The maximum pre-tax contributions (including your employer contributions) is currently $27,500 per year (for 2023/24). Any pre-tax contributions above $27,500 are taxed at your marginal tax rates, and count towards your non-concessional cap.

Post-tax contributions

Post-tax (or ‘non-concessional’) contributions are made to your super from after-tax income. This contribution type is not taxed when paid into the Scheme (because you have already paid tax on this money). The maximum post-tax contributions is currently $110,000 per year for 2023/24 (or $330,000 over 3 years under the ‘bring-forward’ rule). If you exceed these limits, you may have to pay extra tax.

Members with more than $1.9m in total super balances have a non-concessional contribution limit of zero, and will pay tax at the top marginal rate on any non-concessional contributions.

Division 5 members can claim a tax deduction for personal post-tax contributions.

Contributions and taking leave

How are my contributions affected if I'm on unpaid leave or leave at half pay?

If you wish to continue to make contributions to your ElectricSuper account while you are on unpaid leave (such as maternity leave), you can.

In fact, if you are a member of Division 2, 3 or 4 (the defined benefit schemes), doing so may help maintain your death and disability insurance benefits.

If you are on leave at half pay, your contributions will be half the normal amount if you are a Division 5 member.

If you are a member of Division 2, 3 or 4 on leave at half pay, you must continue to contribute at your full rate, unless you write to the Board and ask that your contributions be reduced.

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Make a contribution

It’s easy to make a contribution to your super.

You can set it up with your payroll office using the Regular Contributions Form. Choose your contribution rates or amounts and provide the form to your payroll office.

Or, contribute lump sum amounts using the Lump Sum Contributions Form. Fill out your choices and email it to us at electricsuper@mercer.com.

Spouse contributions

If your spouse is also a member, contributions can come from you, your spouse or your spouse’s employer.

Learn more

What's next?

Spouse membership

When your spouse is a member, they can also benefit from our low fees and great performance.

My life changes

Make changes to your options to suit your life changes and prepare for your future.

How much will I need?

Find out how much you’re likely to need to enjoy the lifestyle you want in retirement.

What our members say

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We’re here to guide you through your journey with super, helping you reach your financial goals. From planning and growing, to getting your super, you can find all the information and resources you need to make the changes that suit you.

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