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If you are working, it is most likely your employer pays a proportion of your salary into an accumulation superannuation fund on your behalf. These contributions, known as the Superannuation Guarantee, were first legislated in 1991, with mandatory contributions commencing from 1 July 1992. Since these contributions were introduced, the mandatory contribution has steadily increased to 11.5% of your annual salary (effective 1 July 2024). This will increase to 12% (effective 1 July 2025).
These superannuation payments accumulate over your working life, and the value of your accumulated superannuation depends on the contributions that your employer makes on your behalf, whether you make additional contributions to your superannuation fund and the investment returns that are generated from the fund, minus any fees and charges.
If you want any additional information in relation to superannuation contribution options available, please click here.
Delays to 30 June 2024 Annual Statements
An unexpected technical issue has caused a delay in the delivery of the 30 June 2024 SuperSelect and Personal Super & Rollover Plan Annual Statements. We are close to resolving these issues and expect to issue statements mid-March 2025 or earlier if possible.
Please accept our apologies for any inconvenience this delay has caused. It is not the level of service we aim to provide. We thank you for your patience.
Should you have any queries or require information on your account, please contact us on 133 731.
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What you need to know
Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product.
The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.
Resolution Life is part of the Resolution Life Group and can be contacted via contact us or by calling the phone number mentioned above.
