Starting a family


Having children is an exciting change in your life. When it comes to children, people may tell you to expect the unexpected. However, when it comes to your finances, you can’t always afford to expect the unexpected.

You’ll have enough on your plate as you budget for a larger family to feed, clothe, send to school, and keep entertained. So let us take you through how this exciting life stage could affect your super, and what you could do.

You don’t have to be married to have a ‘spouse’

If you’re a UniSuper member, we recognise a spouse as being a person who:

  • you are legally married to
  • is in a relationship with you (whether of the same or opposite sex), and the relationship is registered under an Australian state or territory law, or
  • is in a relationship with you (whether of the same or opposite sex, and you live together on a genuine domestic basis as a couple.
See our full definition of spouse

Taking time off work

You are entitled to a certain amount of paid parental leave, which you should ask your employer about.

You may also be able to take additional time off without pay. Alternatively, you or your partner may choose to reduce your working hours to look after your new family. If this is the case, your (or your partner’s) employer super contributions will also be reduced.

In certain circumstances your spouse may be able to split pre-tax contributions with you so super continues to accumulate while you’re on leave, or if you return to work with reduced hours.

Your spouse may also be able to make a spouse contribution to your account.

Getting a boost from the government

If your income has reduced to a certain level and you make an eligible after tax contribution, you may be eligible for some extra money from the government through the government co-contribution scheme.

Protecting your growing family

Make sure that your family are taken care of, even if the worst happens.

Your insurance

Are you a DBD member?

Eligible DBD members receive insurance cover in addition to inbuilt benefits for temporary incapacity, disablement, terminal illness, and death.

See more on inbuilt benefits

Now that you have, or are about to have, more people financially dependent on you, it’s more important than ever to consider the level of insurance cover you have through your super.

It’s not a nice thought, but imagine if you (or your partner) fell ill, became injured, or something else went wrong and you were off work for some time – could you keep up with your daily living expenses without that steady income?

Your UniSuper membership might already include insurance for Death and Total and Permanent Disablement (TPD). If you are eligible, you might also be able to apply to top up this cover, or to apply for Income Protection cover.

Estate planning

No one wants to think about their death, but it’s important that you take some simple steps now to make it easier for your family when they are sorting out your money and other assets if you pass away.

At UniSuper you have the option of making a binding death benefit nomination or a non-binding beneficiary nomination.

If you want more certainty about who you would like to receive your super, you can consider making a binding death benefit nomination. If it’s valid, UniSuper will pay your super according to your nomination.

If you make a non-binding beneficiary nomination, UniSuper will take your nomination into account (but is not required to follow it), as well as all other relevant information, to decide who gets your super.


Having a family is extremely rewarding – but it can also get expensive. We recommend setting a budget and sticking to it, to ease your financial stresses and help you really enjoy your family.

Get advice

UniSuper Advice helps UniSuper members with more than just super. Each year the UniSuper Advice team helps members navigate the financial side of important life events – like starting a family. Let UniSuper Advice guide you through this exciting time. UniSuper Advice can help with:

  • budgeting and cashflow planning
  • referral to estate planning specialists
  • insurance
Take a look at what we can do for you 

We're here to help

If you have any questions, call us on 1800 331 685 or email us.