Virgin Money Super

VIRGIN MONEY SUPER

Looking to take control of your retirement savings? Or choose a super fund for your business? We can help. Save for tomorrow and be rewarded today with Virgin Money.

What is superannuation? 

Super, or superannuation, is a retirement savings system where money is set aside while you’re working to support your financial needs for retirement. 

For most people, your super begins to accumulate when you start work, and your employer is required to pay a minimum percentage of your salary or wages into a super fund account for you.

Your super can be invested in a range of assets and the super fund manages this money for you until you retire. 

Super for individuals

Make your superannuation, super. We simply want you to retire more comfortably, sooner. Virgin Money will even reward you with Velocity Points9 for taking control of your super. A super account with Virgin Money Super comes with:

  • One of the lowest fees in the market
  • Strong performing investment returns
  • Choose how to invest your money
  • Simple super advice at no additional cost to you

Tell me more Apply now

 

Find out more about our:

Fees

Investment options

Insurance options

Performance

Managing super

Super for employers

Virgin Money Super delivers a simple, easy-to-understand way to help your employees plan for their future. We keep it super simple and hassle free for you and your business.

  • Simple super for employers
  • Support and information on all things superannuation
  • Free SuperStream compliant payment system for default employers
  • Easy joining process

Tell me more Apply now

 

Find out more about our:

Choosing your default fund

SuperStream

Setting up your employees

Information for your employees

Why Virgin Money Super? 

Low Fees

We have one of the lowest fees in the market.1

Simple Super Advice

Need advice on your super? No worries! We offer simple advice for no additional cost to you.

Award Winning

Our super fund has received several awards from leading rating agencies.

Earn Points

With Virgin Money Super, you can earn Velocity Points for growing your super.10

Virgin Money rewards you with Velocity Points9

At Virgin Money, we’re all for giving you more back, including on things you’re already doing, like making super contributions. Grow your nest egg and get Velocity Points? Now that’s super.

With Virgin Money you’ll be seriously rewarded for taking control of your super. Pump up your Velocity Points balance and create amazing experiences you never thought possible while growing your superannuation.

Earn Velocity Points on your contributions10 and the super you rollover to your Virgin Money Super account. Before rolling over, just check to see if insurance or other benefits will be impacted or lost11. Eligibility criteria and conditions apply.

Get started now with Virgin Money Super

For myself

Apply for a super account

For my business

Apply for employer superannuation

Backed by Mercer

We've partnered with Mercer Super to give you a superannuation fund that is beautifully simple. Mercer super has been providing superannuation related services to Australians for over 40 years, and is the #1 global super administrator for 5 years running , meaning you can have the confidence knowing your super is in the right hands. 

Mercer is part of the Marsh & McLennan Companies and is one of the largest superannuation providers in Australia, administering super for 2.1 million members and over $200 billion in super assets.

Together we're making superannuation super simple. We offer straight forward investment options, ways to manage your super where and when you want, at one of the lowest fees in the market.

Find out more about Mercer Super.

Rewarding Superannuation Fund

At Virgin Money, we don’t just hold your superannuation; we make it super. Don’t just take our word for it, check out our awards. Virgin Money Super’s rewarding fund is backed by great ratings from independently run agencies SuperRatings2, SelectingSuper and ChantWest13. That’s how you know your super will be in super great hands. 

 

   

     

Calculate your super

We have a range of tools that you can use to discover more about your super and retirement. See below how you can get a personalised  view of your super with our calculators.

Virgin Money Superannuation - Superannuation Calculator

Superannuation Calculator

Assess your estimated financial position in retirement and what you may need to do to reach your desired retirement balance.

Learn more

Virgin Money Superannuation - Compare Super Fund Fees

Compare Super Fund Fees

Compare the fees that other super providers charge. Lower fees mean more money in your super.

Learn more

Virgin Money Superannuation - Salary Sacrifice Calculator

Salary Sacrifice Calculator

Explore the benefits of salary sacrificing additional contributions to your super versus contributing from your after tax income.

Learn more

Learn more about super

Latest news on all things superannuation.

Keep up to date on super.

Read more

More questions about your super? Check out our FAQs.

Get your super questions answered.

Read more

Got questions?
We're here to help

Online enquiry form

Send us your super enquiry today. We'll respond within 1 business day.

Customer Care team

Talk to our Customer Care Team on 1300 652 770
Mon-Fri 8am-6pm (AEST) apart from public holidays.

Business Specialists

Talk to one of our business specialists on 1300 855 040
Mon-Fri 9am-5pm (AEST) apart from public holidays.

FAQs

  • In Australia, superannuation is a way of saving for your retirement. By law, your employer must pay a percentage of your earnings into your superannuation account. Your superannuation fund then invests the money until you retire.

    Superannuation, or Super, is a retirement savings system where money is set aside while you’re working to support your financial needs for retirement. 

    For most people, you will begin to accumulate super when you start working, and your employer is required to pay a minimum percentage of your salary or wages into a super fund account for you.

    Your super can be invested in a range of assets and the super fund manages this money for you until you retire.

    When can I withdraw my super?

    You can withdraw your super once you reach the age requirement to do so. You may also be able to access your superannuation early if you meet the following criteria:

    • You are experiencing severe financial hardship
    • On compassionate grounds, such as to pay for medical treatment for you or your dependent
    • You have been diagnosed with a terminal illness
    • You are temporarily unable to work because of a physical or mental condition
    • If you are permanently incapacitated

  • By law, your employer is required to pay 11.5% of your ordinary time earnings into your nominated super account. This applies to full time, part time and casual employees. This must be paid at least every 3 months into your nominated super account.  

  • Under the super guarantee (SG) employers are required to pay superannuation contributions of 11.5% of their employee’s ordinary time earnings into the employee’s nominated super account. This applies to all employees (full time, part time and casual) who are either over 18 years old, or under 18 years and working over 30 hours a week.