There may be times in your life when you move to part-time work, whether it’s to slow down, live a little, or care for someone – a child or a parent. It’s a big decision for various reasons.
Here’s a summary of what it may mean for your super. Keep in mind that it’s only part of a bigger picture when it comes to deciding whether you want to go part-time.
What your employer contributes to your super
Divisions 1 and 2
Your employer contributes to Qantas Super to fund the defined benefit part of your super, so you don’t need worry about that side of things. Your employer also makes other contributions based on your super salary that count towards your super – so if you’re reducing your hours, and you’re earning less, you’ll get less in contributions from your employer for that part of your super.
Divisions 3 and 15
Your employer contributes to Qantas Super to fund your defined benefit, so you don’t need to worry about this side of things.
Your employer contributes to your super based on your super salary. So if you’re reducing your hours, and you’re earning less, you’ll get less super from your employer.
Are you adding to your super?
If so, the impact of going part-time depends on how you’re making those contributions.
- Contributing a % of your super salary? Then if your super salary falls, so will your contributions. Ultimately this means less super going into your account.
- Paying a fixed amount? Then the amount going into your super will stay the same.
How your super changes if you go part-time
What happens to your insurance cover?
Your default insurance cover
Your voluntary cover
This won’t change.
Other info you might be interested in
We're here to help
If you want to learn more or need help with making a decision about your super, you can get simple advice over the phone or face to face. It’s included as a part of your membership so there’s no extra cost.