Your insurance cover
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.
Consequences of not receiving regular SG contributions
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!
What you can do
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
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 at reisuper.com.au 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.
Please note:
The information contained in this article does not constitute financial product advice. REI Super does not give any warranty to the accuracy, completeness or currency of the information provided. Although REI Super makes every reasonable effort to maintain current and accurate information, you should be aware that there is still the possibility of inadvertent errors and technical inaccuracies.