Insurance paid through your super
You may not realise it, but your REI Super account can give you a level of Total & Permanent Disablement (TPD) Insurance cover. It’s a great way to enjoy tax effective insurance and peace of mind.
Keep track of your Super payments
However, if we have not received a Superannuation Guarantee (SG) contribution from your employer in the last 12 months, your disablement cover will lapse. Not only that, but you’ll have less super savings at retirement!
You can check we are receiving your employer’s SG contributions for you by:
- Logging to your account at reisuper.com.au and checking the contributions on your payslip match the contributions in your REI Super account
- Doing the same thing when you receive your benefit statement each year
What to do if you are not receiving contributions
If your employer has not paid or not paid the right amount of super contributions for you, they may be fined by the ATO for non-payment of Superannuation Guarantee contributions.
It is a legal requirement for your employer to pay your Superannuation Guarantee contributions at least quarterly.
Remember that it’s your money and you have a right to receive it in your REI Super account every quarter.
Log in to your account to make sure your SG contributions are being received. Call our Member Services Consultants on 1300 13 44 33 if you need help or more information.