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Baby Break

The change that's long overdue
It doesn't seem fair when you think about it. When mums go on maternity leave, or dads go on paternity leave – their superannuation contributions stop. So why on earth do super funds continue to charge fees?

Virgin Money has decided to be the first super fund in Australia to actually do something about it. What else would you expect from Virgin?

While you're on maternity or paternity leave, so are your fees*
It’s a simple change that will put an end to one of the unfair disadvantages new parents have to put up with. By waiving your Management Costs for up to 12 months, a working mum could be $14,800 better off upon retirement. How we have worked this out.

If the rest of the industry followed the lead of Virgin Super then payouts for working mothers could be boosted by more than $800 million annually. With initiatives like this you can see why Virgin Super could be right for you. How we have worked this out.

Ready for your delivery?
Our Baby Break isn’t means tested, so you get the full benefit*.

  • for Mums and Dads.
  • can be used before and after your bundle of joy has arrived, while you’re on maternity or paternity leave.
  • you can apply for the Virgin Super Baby Break once per child.

If you're an existing member and want to apply for the Virgin Super Baby Break, go to our Manage my super section to find out how.

*Conditions apply. For full terms click here.

 

 

 

 


Prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395, AFSL 286869 for The Trust Company (Superannuation) Limited ABN 88 436 608 094, AFSL 235153 as Trustee for Virgin Superannuation ABN 88 436 608 094.

You should consider our Product Disclosure Statement which can be found on our website. 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 Superannuation fits your objectives, financial situation and needs.