Updates on super

Keep up to date with the latest insights and articles on super

Lower investment fees for Suncorp Everyday Super, Suncorp Brighter Super and SESP* members are here

Recently, we made some investment fee changes for the Suncorp Lifestage Funds (MySuper default investment option) and certain Suncorp branded investment options available in Suncorp Brighter Super, Suncorp Everyday Super (EDS) and Suncorp Employee Superannuation Plan (SESP).

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Transition Plan for the Insurance in Super Voluntary Code of Practice

We are aiming to improve the insurance arrangements available to our members through their Suncorp super products.

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Insurance in Superannuation Voluntary Code Practice

Suncorp Portfolio Services Limited (SPSL) intends to adopt the Insurance in Superannuation Voluntary Code of Practice (Code), which commenced on 1 July 2018. By 31 December 2018 we will publish on our website our transition plan for becoming compliant with the standards of the Code. We will start complying with the Code as early as we can, and by no later than 30 June 2021.

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New limits on pension transfers

There is now a limit to the total amount of superannuation that you can transfer into a pension account, where your investment earnings (including capital gains) are tax-free.

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New non-concessional caps

Non-concessional contributions are generally those contributions that you make to super from your after-tax income.

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Lower concessional cap

Concessional contributions are generally those made from your pre-tax income, such as those made by your employer or via salary sacrifice.

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