Brighter Super leverages $6.98m in CGT to retain members

Mike Taylor

Managing Editor and Publisher

2 September 2025

Queensland-based industry superannuation fund, Brighter Super, has claimed success for one of its member retention strategies – its Retirement Reward bonus scheme.

The $35 billion 280,000 member fund which grew out of the old LGIA Super, Energy Super and Suncorp Super announced this week that its Retirement Reward scheme had delivered almost $7 million to 2,635 members in the form of one-off “Retirement reward bonuses” ranging from $1,600 to $16,000 last financial year.

According to the fund, the Retirement Reward is a Brighter Super benefit, paid when members transfer from an Accumulation or Transition to Retirement (TTR) account into a Pension account provided they remain Brighter Super members for at least 12 months.

It said the Retirement Reward payment “recognises a portion of capital gains tax that has been set aside”.

“As a Brighter Super member transfers growth assets – such as shares – from a taxed Accumulation or TTR Pension account, into a tax-free pension account, Brighter Super returns this portion to members,” the fund said.

“The Retirement Reward is reviewed annually. For FY25, the reward was set at 0.8%, with a maximum of $16,000 payable on a transfer amount of $2 million. The rate will remain the same for the next 12 months, though it may vary in future depending on investment market conditions.”

Brighter Super head of retirement, Jennifer McSpadden said the $6.98 million paid out in “Retirement Rewards” was more than triple the $2 million paid out in the previous financial year.

“I’m delighted to see so many of our members benefiting from this initiative. This reward makes a real difference, whether members choose to use the money for travel, a new car, or to top up their retirement savings,” she said.