Keep up to date with GESB news. Read about the latest developments in super - new super benefits, tax breaks, changes to legislation, special events, research, announcements, media releases, awards and much more.
Boost your super by up to $500
Boost your super by up to $500! If you haven't yet made an after-tax contribution to your super this financial year, now may be the time.
Make an after-tax contribution before 30 June 2013, and you could be eligible for an extra contribution of up to $500# from the government
In this year's Federal budget, the government has committed to 'better targeting superannuation tax concessions to improve the system's fairness, sustainability and efficiency'. Treasurer Swan, Budget speech, 14 May 2013.
While many of the Federal budget measures relating to super were publically released previously on 5 April 2013, minor amendments have been made to these announcements.
Details of the Federal Government's proposed super reforms
On 5 April 2013 the Federal Government announced several changes to the Australian superannuation system.
A summary of these reforms has been supplied by the Association of Super Funds of Australia (ASFA) to its industry members which details the proposed changes to the superannuation system recently announced.
For GESB Super members the concessional contributions cap for the 2012/13 financial year is $25,000, regardless of your age. Gold State Super and West State Super schemes are constitutionally protected funds and untaxed. Any concessional contributions made to these schemes do not count towards your concessional contributions cap.
You can keep track of your contributions to your super account through Member Online, your secure, personal online super account.