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...
Saver 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:
Super Account
(Only $1.50 per week)
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:
($2.75 per week)
($2.26 per week)
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.
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.
GigSuper is promoted and distributed by GigSuper Pty Ltd (ACN 620 862 053), a corporate Authorised Representative (number 1276569) of Grow Super AFSL Pty Ltd (ABN 63 135 540 135), the holder of Australian Financial Services Licence number 340958. Any financial product advice provided in this website is general in nature. Content on this website does not take into account the objectives, financial situation or needs of any person, or purport to be comprehensive or constitute investment advice and should not be relied upon as such. You should consult a professional adviser to help you form your own opinion of the information and on whether the information is suitable for your individual objectives and needs as an investor. Where necessary, you should obtain a Product Disclosure Statement relating to the product and consider it before making any decision about whether to acquire the product.
GigSuper’s Superannuation product is issued by Diversa Trustees Limited (ABN 49 006 421 638), (AFSL No 235153), as Trustee of Grow Super SMA (ABN 20 543 903 424).
The content of this website does not constitute an offer by any member of GigSuper Pty Ltd to buy or sell any financial products or services. Accordingly, reliance should not be placed solely on the content of this website as the basis for making an investment, financial or other decision. GigSuper Pty Ltd believes the information contained in this website is correct. All information, opinions, conclusions, estimates or recommendations provided are included with due care to its accuracy; however, no representation or warranty is made as to their accuracy, completeness, or reliability.
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