Right now, many successful self-employed Aussies pay more tax, and retire with smaller superannuation, than their employee peers. And we think that's not fair.
A few years ago, when we quit our corporate jobs and went out on our own, we got hit with many realities of self-employed life.
One of which was fact that it was no longer someone else’s job to hoard away the mandatory 9.5% of our pay for our retirement.
When we tried to do the right thing and take care of it ourselves, we got slammed with several hurdles that our self-employed friends and family had faced for years.
So suddenly we found ourselves asking what if…
And GigSuper was born out of that need to empower all self-employed Australians to finally do super right.
Superannuation is the one thing your future self will high five you for. Because money in the bank means you’ll be calling the shots and living retired life on your own terms.
And some parts of traditional super are actually pretty amazing at setting you up for success.
Which is why we’ve partnered with the following superannuation powerhouses to compliment our technology and make super finally work smoothly for self-employed folks.
Just in case you’re not ‘fluent in superannuation’ (and why would you be if it’s not your day job?), it’s worth knowing that every fund has a trustee.
So, if you think of a super fund as a club with only members in it – and no owner – you realise it’s not really feasible for the members to steer the ship. Which is why a fund engages a trustee to take charge.
The trustee makes sure the fund operates in the best interest of the members. And it’s the trustee’s responsibility to make sure your nest egg is looked after.
Which is why we thought you might like to meet GigSuper’s trustee: Diversa.
Do you know that some award-winning funds may not automatically cover self-employed workers, even if they’ve been paying the insurance premiums for years?
This didn’t sit right with us.
So, just like we purpose built the rest of GigSuper around the self-employed community, we sat down with our insurer, Hannover Re, explained the problems with existing policies as they related to self-employment, and designed insurances specifically for self-employed folks.
Alex is a fictional persona based on some typical attributes of a self-employed individual. Please make sure that GigSuper is right for your circumstances, even if your situation is identical or similar to Alex.
Figures are shown in today’s dollars, however they are not intended to be reflective of any particular investment option within GigSuper. These results are for illustrative purposes only and do not represent actual or expected returns that any particular investor might experience.
The projections are based on a number of assumptions, including but not limited to the following:
The prospective financial information provided is not a reliable indicator of future performance in that it is predictive in nature and may be affected by inaccurate assumptions, unknown risks and other uncertainties. Therefore, the prospective financial information may differ materially from the results ultimately achieved.
The above comparison in no way constitutes advice to invest in any particular investment product and we recommend you seek independent financial advice before deciding whether investing in super or non-super products is right for you.