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    From the archives

October 21, 2019

Make Longevity App your kind of super


The low down

Did you know that there’s a stack of ways that you can set up your app to make set up exactly how you want it? You can change it any time you like via the settings page of the app.

Image of Longevity App's settings page

1.Percent top up

We automatically have the top up percentage set at 1% (so if you spend $100 on your groceries we’ll top up your super with $1 – which is 1%). But if you really want to turbo charge your nest egg, you can dial it all the way up to 5% of your everyday spending.

2. Frequency

Choose to top up your super monthly, or if that doesn’t work for you, you can top up into your super account whenever you reach a certain amount of top ups saved (minimum $20).

3. Maximums

Spending like crazy but don’t want it all to end up contributing to your super? No problems – you can set a maximum from $20 to $200. SO fir example if you don’t want more than $20 to go into your super each month, no matter how much you’ve spent, you can do that in a few seconds flat in the max top up section. As with all of the settings, you can it whenever you like.


Sit back and relax. Thanks to compound interest, small amounts will add up over time. Even with just $2  worth of top ups a day from age 30 could  turn into almost $125k when you retire!*

The best bit? Longevity’s contributions mean you’ll be able to claim a tax deduction at tax time!

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* Projections were conducted using the ASIC’s Money Smart compound interest calculator using a contribution of $2 a day over a 35 year period, with an annual return rate of 7.5% (the superannuation guarantees 25 year average return). There is no guarantee that your super fund will achieve the assumed growth rate or that the projected balances will be achieved.  The calculations are not intended to be relied upon for making financial product decisions and we advise you to seek a professional financial advisor to consider if Longevity App is appropriate for you.

October 2, 2019

Here’s a list of companies that will pay you super on the unpaid part of your parental leave

Did you know that for many Australians taking time off for parental leave, you may get some money from your employer to replace your wage for a certain number of weeks, but most people don’t receive any superannuation? In fact taking time off to raise a young family is one of the key moments in life where the gap in retirement savings between men and women begins to blow out.

Well the good news is that businesses across Australia are starting to address this, with a number of large corporates such as HSBC, Woolworths, Unilever and more recently consulting firm PWC have having started to pay superannuation to staff that are taking time off for parental leave – which as you’d imagine is still typically women who are taking time out of the workplace to look after young babies. It’s for the most part an initiative to help to close the super gap, which sees women on average retiring with nearly half of the retirement savings as men.

As with the introduction of many an initiative, once one starts others follow suit and this is a copy cat trend that we’re delighted to see. Most recently Bain and Co have announced that consulting form Bain & Company will superannuation contributions for the unpaid portion of primary parental leave.

While this no doubt is a function of organisations wanting to “do the right thing” by their employees it’s also certainly seen as a business issue. Spokespersons within Bain & Company in Sydney recently stated that “organisations with greater diversity have greater retention, higher levels of employee advocacy, overall better performance and faster growth.” So naturally companies are looking for ways to retain women employees as of course it’s a central part of maintaining workplace diversity.

Either way you examine the issue, it’s a massive and positive step forward, we’re looking forward  to seeing more companies taking up this initiative – just as we’re looking forward to seeing gender parity in those taking time off on parental leave too.

We’ve started putting together a list of companies that have started to pay superannuation on the unpaid portion. Let us know if there are others on the we can add to the list:


Bain & Co

Commonwealth Bank

Corrs Chambers Westgarth



HSBC Australia


NGS Super



Viva Energy



Others? Let us know and we’ll add them to the list. connect@mylongevityapp.com