Superannuation is there to provide you financial support in your retirement. It is also mandatory to have a superannuation account as your employer is required to pay you super contributions, which in 2021/22 is a minimum of 9.5% into a fund of your choice.
At Defence Bank you will have a Defence Bank membership number – this number allows you access to Online Banking and the app.
You will also have Defence Bank RSA holder number this number starts with ‘00’ and is used when we need to identify your superannuation account – your employer will need to know this number.
We have qualified Wealth Investment Officers who are able to provide factual information and general advice. They will not be able to provide you with personalised advice.
This depends on your child's age. If your child is under 18 and working for more than 30 hours per week and is earning at least $450 each month then they should be receiving super.