Hair & Beauty Super is the ideal way to save for your retirement. With a wide range of investment options to choose from, it's easy to invest your super to match your preferences, investor profile and changing lifestyle needs. You can also choose the insurance cover you need to support you and your dependants in the event of illness or injury, or if you die.
You can stop, restart, increase or decrease your voluntary contributions to Hair & Beauty Super at any time. Hair & Beauty Super also accepts spouse contributions and rollovers from other complying funds, so that you have all of your super in the one place, and save time and money on fees.
Insurance cover in Hair & Beauty Super
Death and total and permanent disablement
You will benefit from automatic insurance cover for based on the minimum level default cover for death and total and permanent disablement (TPD). The minimum is $210,000 and is age-based, reducing from $210,000 at age 42 to nil at age 65. Insurance premiums are age-based and you can stay with the default cover, opt out of cover, or select the type and amount of insurance cover you need to support your dependants should you become disabled or die. You can select cover of up to $5 million for death and up to $2 million for total and permanent disablement (insurance cover subject to acceptance by the insurer).
Income protection
Hair & Beauty Super offers members income protection benefits, with a maximum benefit amount of 75% of taxable salary, with a choice of two years, five years or to age 65 years benefit period and a choice of waiting periods of 30, 60 or 90 days. You can choose the benefit and waiting periods that suits you (insurance cover subject to acceptance by the insurer).
Competitive premiums
As part of the Aon Master Trust, Hair & Beauty Super seeks out the most competitive premium rates, terms and conditions. Premiums are based on your occupation, age, amount of cover, and gender (for income protection only) and are deducted from your account monthly.
Contributions for Hair & Beauty Super members
Employer contributions
If you earn more than $450 per month, your employer has to pay superannuation guarantee (SG) contributions for you equal to 9% of your salary.
Your contributions
You can top up your employer's payments to super by making contributions of your own. Personal contributions can be made by salary sacrifice from your before-tax salary (concessional contributions) or after-tax salary (non-concessional contributions).
If you wish to make regular contributions from your pay, your employer may be able to set up a regular payroll deduction.
Generally speaking, you can contribute to Hair & Beauty Super until you reach age 75 (you must satisfy a work test if you are aged 65 or over).
Consolidating super
If you have super in another fund you can transfer it (or roll it over) into Hair & Beauty Super at any time.
Rolling over your benefits into one fund makes it easier to keep track of your super and may also reduce the costs of looking after your super.
My ebenefits for Hair & Beauty Super members
Aon’s new benefits program offers a range of lifestyle services to members of Hair & Beauty Super. Available online, by phone and email, my ebenefits can help you finance a home purchase, buy that big-screen plasma at a great price, send a small thank you gift or arrange the perfect holiday without the travel agent blues.
To find out more, call our superannuation advisor Dino Cataldo on (02) 9745 4146, email dino.intrust@three.com.au or complete the enquiry form below.
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