Starting your working life


Starting work and earning an income can mean a good deal more independence for you. It also means you have a responsibility to make sure you make the most of the money you earn now.

You’ve just started your working life, so retirement is probably one of the last things on your mind. Let us take you through a few simple things you should do now so there’s less to worry about in the years ahead.


If you are starting work with a participating higher education or research body, you are probably also starting a new UniSuper membership.

If this is you, congratulations – you’re part of a super fund that is exclusive to people who work (or have worked) for Australia’s higher education and research sector.

We are an industry super fund, which usually means competitive fees, exclusive membership, and a genuine interest in what you do.

Find out more how being part of an industry super fund can benefit you

Learn more about the benefits of being a UniSuper member

Make sure you have a tax file number (TFN)

It’s not compulsory to have a TFN, but did you know without one your contributions may be taxed at 49%?

Apart from helping make sure you don’t pay more tax than you have to, having a TFN will also help you with super-related matters, like:

To learn more about TFNs—including how to apply for one and other benefits—see the Australian Taxation Office website’s guide to TFNs

Make sure you are getting enough super from your employer

If you’re earning more than $450 a month, your employer should pay at least 9.5% of your salary into a super fund. This is commonly referred to as Superannuation Guarantee (SG) contributions (the SG rate is set by the government).

Take a look at your contract or employment agreement, to see how much super you’re entitled to.

Get your super together 

If you’ve had other jobs – for example part time or casual jobs – before, chances are you’ve got some money sitting in other super accounts.

It’s a good idea to start thinking about combining your super, because you might be able to save money on fees.  We suggest you take a look at the other fund’s terms and conditions before you move money over and see if they charge any exit fees, or how it will affect any insurance you might have.

You might have super sitting somewhere and not even know about it.

We're here to help

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