How many Velocity Points could you earn10?

For every $5 you contribute10 to your super account Virgin Money will reward you with 1 Velocity Point. Eligibility criteria and conditions apply. Below are some illustrative examples to help you understand how many points you could earn:

  Tom Rachel Ellie Adam
Points Earn Period 1 September 2017 to 31 December 2017
1 January 2018 to 
31 March 2018
1 January 2018 to
31 March 2018
1 January 2018 to
31 March 2018
Super Guarantee (SG) Contributions $4,000 $3,000 $0 $3,000
Voluntary contributions14 $0 $2,000 $0 $2,000
Rollovers in $10,000 $0 $10,000 $10,000
Payments15 $0 -$1,000 $0 $0
Rollovers out in last
18 months
$0 $0 $0 $5,000
Net contributions elibgible
for Velocity Points

$14,000

SG Contributions +
Voluntary Contributions +
Rollover - Payments

 

$4,000

SG Contributions +
Voluntary Contributions +
Rollover - Payments

$0

As Ellie did not have any SG or Voluntary contributions
during the points period,
then they are not eligible to
receive any points

$0

As Adam rolled out
part of his super in
the 18 months before
the Points Issue Days,
then he is not eligible to receive points

Velocity Points earned 2,800 800 0 0
Points Issue Date 2,800 Velocity Points are
issued to Tom's account
on 16 April 2018
800 Velocity Points are
issued to Rachel's account
on 16 July 2018
No points issued No points issued
$0 -$1,000 $0 $0
$0 -$1,000 $0 $0
$0 -$1,000 $0 $0

To ensure you earn your points you must have provided your Velocity Frequent Flyer number by the end of any given Points Earn Period. Just head to the personal details section in your online account to add your Velocity member number.

Virgin Money’s Super Engagement Program Earn Limits

There are some Velocity Points earn limits to be mindful of:

You will not earn any Points for any contributions that exceed the relevant contribution limit.

When do you earn Velocity Points? And when are they paid10?

Eligible customers are able to earn Velocity Points during each of the Points Earn Periods10 - see below for the Points Earn Periods over the next year.

Velocity Points are paid to your Velocity membership account 3-4 months after the end of the Points Earn Period based on the net contribution’s10 you made to your Virgin Money Super account during the relevant Points Earn Period. Below is a table showing when points are paid based on when you contribute to your super.

Points Earn Period Points Issue Date
September 2017 - December 2017 16 April 2018
January 2018 - March 2018 16 July 2018
April 2018 - June 2018 15 October 2018
July 2018 - September 2018 15 January 2019

 

 

 

asd$0

-$1,000 $0 $0
$0 -$1,000 $0 $0
$0 -$1,000 $0 $0

To ensure you earn your points you must have provided your Velocity Frequent Flyer number by the end of any given Points Earn Period noted above. Just head to the personal details section in your online account to add your Velocity member number.

To ensure you earn your Points you must have provided your Velocity Frequent Flyer number by the last day of the given Points Earn Period noted above. Just head to the personal details section in your Virgin Money Super online account to add your Velocity Number.

How do you earn10 Velocity Points?

You can earn Velocity Points on all contribution types11, as well as super you rollover into your Virgin Money Super account. There are a few conditions you need to meet to ensure you are eligible to earn Velocity Points for a given Points Earn Period through the Engagement Program:

  • You are a member of Virgin Money Super on the relevant Points Issue Date;
  • You have updated your Virgin Money Super account with your Velocity Frequent Flyer number before the last day of the relevant Points Earn Period;
  • have made a Superannuation Guarantee contribution or a voluntary contribution11 into your Virgin Money Super account during the relevant Points Earn Period, noted above;
  • have not made a rollover out (partial or full) of your Virgin Money Super account in the 18 months before the relevant Points Issue Date;
  • are a member of the Velocity Frequent Flyer program; and
  • are an individual who is an Australian permanent resident or citizen.

Things to keep in mind

Before you rollover or consolidate your superannuation, you should check to see if insurance or other benefits will be impacted or lost. Some funds may also charge withdrawal or exit fees. You should consider our Product Disclosure Statement. Please note this information does not constitute personal financial product advice, and you may wish to consult your financial adviser before making a decision about whether Virgin Money Super fits your objectives, financial situation and needs.



If you are considering making voluntary contributions into your Virgin Money Super account, you should consider your personal circumstances, the impact of such contributions to your contribution caps, as well as associated taxation issues before making any decision on making voluntary contributions. Concessional tax rates do not apply on contributions which exceed government contribution limits. See the ‘How Super is Taxed’ section of the Virgin Money Super Product Guide and the contribution fact sheet on our website for more information about contribution types and limits.

All about Velocity

Velocity is the award winning frequent flyer program of Virgin Australia, providing members with many easy ways to earn Velocity Points and enjoy fantastic benefits sooner. Velocity delivers all the benefits you can expect from a world-class frequent flyer program, plus a range of unique benefits. You need to be a Velocity member in order to earn Velocity Points from Virgin Money on your Virgin Money Super account.

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