Running your own gig is more than a full-time job. Even when you’re not working, you’re almost always ‘on’. You’re thinking about your next bill. Or that invoice you still need paid. You’ve got enough on your mind.
You shouldn’t need to waste extra energy trying to figure out complicated cost structures. Or burn daylight leafing through puzzling jargon.
If you’re going to sort out your super with ease, you should have a cost structure that’s easy to understand, too.
So here it is...
Your Saver account costs nothing...nada...zilch.
Which means you’ve got a unique way to give the GigSuper experience a try, without locking any money away in super.
Then once you decide it works for you, and you start funding your Super account, it’ll only cost you this:
(Only $1.50 per week)
Unless, that is, you decide you’d like to keep or increase the default insurance cover you get.
Insurances are a great back up when you’re self-employed, because self-employed workers in Australia generally don't qualify for workers' compensation.
This means that if you get sick or injured and can’t work, your income could dry up overnight.
How much you pay for insurance will depend on 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 an 38 year old, blue collar worker look like:
($2.75 per week)
($2.26 per week)
Once you get all your super sorted within the app, you’ll be able to play around with the insurances to figure out what works for you and exactly how much it will cost.
And if you decide you don’t need any insurance, you can always turn it off and it won’t cost you a cent.
For more information check out our Insurance Guide or sign up to see everything in the app once we go live.
Join our pre-launch mailing list now to see how we’ve made it ridiculously easy to get your super on track.
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.