If you’re going to sort out your super with ease, it helps to have a price structure that’s easy to understand.
Under the GigSuper hood you get two accounts: a Saver account and a Super account.
The Saver is specially designed to help you build a good saving habit without immediately locking money away in super.
The Super helps you build your solid nest egg.
Let's break down the price of each account...
Your Saver account has zero fees. Yup, nothing...nada...zilch.
Which means you’ve got a unique way to give the GigSuper experience a try without committing the money straight into super.
Once your first contribution goes into super – or if you decide to consolidate – you'll kick off the pricing of your Super account.
Here's what that looks like:
This covers the cost of investment, administration, and trusteeship.
And it's automatically paid through your Super account.
As soon as you have $6,000 or more in your Super account, you'll become eligible for our insurance cover.
If you’re 25 years or older, $50,000 of default Life and Total Permanent Disability (TPD) cover will automatically kick in. If you're under 25, you can apply for voluntary cover or you can just wait for the default cover to kick in on your 25th birthday.
How much you pay for insurance will depend on your age, type, level of cover, and whether or not you’re eligible for our white collar discount (51% if you have both Death & Total Permanent Disability (TPD)).
Here’s an example of what premiums for a 38 year old, blue collar worker look like:
It's important to make sure that you've got the right level of insurance that make sense for you.
If your circumstances change, and you want to adjust your insurance, just let us know.
And if you decide you don’t want insurance, you can switch it off anytime.