3Transfer to their new account via BPAY, or recurring BPAYs – we’ll send you all the details. You can set up recurring transfers, and can stop and start at any time.
Gifting to super vs a bank account
Opening a child’s superannuation account has many benefits that a normal savings account doesn’t:
A bank account in the child’s name may require the child to do a tax return each year depending on the amount of interest earned (ATO child tax under 18’s).
A bank account in your name but for the child, could mean any interest is taxed at your marginal rate.
Traditionally returns earned from bank accounts are less volatile than super funds, which are professionally invested in a range of asset classes. However, bank accounts could also provide a lower return.
A super fund in the child’s name does not require the child to do a tax return. Also, the investment return in the super account is taxed concessionally, compared to earnings outside super.
With a super account, the child won’t be tempted to prematurely access the funds. This maximises the time your gift is compounding, allowing your gift to grow into a potentially life-changing amount.
Who is Student Super?
Student Super is an APRA regulated super fund that specialises in superannuation for young Australians.
Typically our members are high school and university students. The fund has been built around their specific needs.
When they graduate
The brand changes name to “Professional Super”. The fund stays the same, but the Professional Super website has educational resources that are designed for young adults in the work place - like using super to save tax effectively for a first home!
An additional advantage of Golden Goose Gifting
As the child becomes a teen and starts their first job, they will already be set up with a super fund that can help them learn about super and get organised for their first job.
Student Super accounts are professionally managed
All Student Super accounts are professionally managed.
The super fund is regulated by APRA and under the stewardship of an independent trustee (Diversa).
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Got a question?
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More questions – we're here to help
I’m Taylor from the support team at Student Super. Our team can answer any questions you have. Chat with us online or send us an email at firstname.lastname@example.org.
Be part of the growing community of Australians setting up their kid's future.
This is general information only and does not take account of your personal objectives, financial situation or needs. Before acting on it, consider if the information is appropriate and whether you need to speak to an accredited professional. When considering financial returns, past performance is not indicative of future performance.
This product is issued by Diversa Trustees Limited (ABN 49 006 421 638; AFSL No. 235153; RSE Licence L0000635) as trustee for Professional Super which is a sub-fund of the Tidswell Master Superannuation Plan (ABN 34 300 938 877; RSE R1004953). Professional Superannuation Management Pty Ltd (ABN 31 617 160 791; AFSL No. 499786) (PSM) is the Promoter of Professional Super, which is marketed under multiple brands including Student Super.