Club Super is giving back more to members and now pays a Retirement Bonus to all eligible members who open a Retirement Income Account. The Retirement Bonus is a refund of amounts provisioned for capital gains tax (CGT) which have been previously withheld from your account. CGT is no longer payable by the Fund when you commence a Retirement Income Account, and so is returned to eligible members as a Retirement Bonus.
The amount of the Bonus you will receive depends on the Retirement Bonus rate, as well as the purchase price of your Retirement Income Account, or your Retirement Income Account balance if you are switching from a Transition to Retirement Account.
You may also be eligible for a loyalty bonus. What is the loyalty bonus?
To reward members who have been with Club Super for a period of 5 or more years, we will boost your Retirement Bonus by paying you an additional 10% of your calculated Retirement Bonus. The loyalty bonus will be paid at the same time as your Retirement Bonus.
For all information and eligibility criteria, please visit clubsuper.com.au/bonus
Does the Retirement Bonus count towards your concessional or non-concessional contributions cap?
No, your Club Super Retirement Bonus does not count towards your concessional or non-concessional contributions cap. For more information on contributions caps, please read Additional Information - How super is taxed.
Club Super is here to help
If you have any questions about the Retirement Bonus, please call us on 1300 369 330 between 8:00am – 5:00pm Monday – Friday or email us at firstname.lastname@example.org