Australian superannuation cashback program, Super-Rewards is helping members earn super contributions through everyday spend, having already increased the potential value of the superannuation sector by close to $3 million through user contributions.
www.super-rewards.com is the first mobile app provider of super cashback from physical or digital spending into any super account in Australia. It offers over 500 leading online retailers, when users shop using the Super Rewards platform, iOS or Android app, or Chrome and Safari browser extensions. Super-Rewards shoppers can also earn up to 15% cashback into their super when they shop at 1,000 physical stores nationally.
The strongest retail performers among the Super-Rewards line-up include Virgin Australia, Apple, THE ICONIC, The Good Guys, Appliances Online, Adore Beauty, Petbarn, Big W, Country Road and Chemist Warehouse. Collectively, these top 10 have added a potential $1 million to the superannuation pool through their rewards paid to Super Rewards users over the last year.
Super-Rewards CEO, Pascale Helyar-Moray said “The power of monthly contributions to your superannuation is nothing short of amazing. In the current economic climate, with continuing interest rate rises and increased cost of living, superannuation can be incorrectly perceived as non-essential.
“However, recent ASFA research confirms otherwise, with a single person now requiring $48,226 per annum to live on in retirement. In addition, discussion of government phasing out the pension by 2040 has made the need for the stockpiling of super more urgent than ever. Being able to save into your super as a result of your daily spend is a no-brainer.”
For Millennials, their app-first spending patterns can see them earn as much as $50 Super-Rewards per month without any extra effort. With the average in-store cashback of 10%, this figure could easily be achieved through rewards from dining out, new clothing, and car hire or travel booking.
“The challenge for so many Australians – particularly in these budget-conscious times – is that voluntary contributions are last on the priority list. Super-Rewards enables you to seamlessly add to your super, and build up your retirement balance, without any change in behaviour. While Super-Rewards is a ‘set and forget’ strategy for building wealth available to all Australians, it’s particularly lucrative for anyone aged up to 35 years of age,” Helyar-Moray added.