Manage your Super in 5 Steps
Jul 20, 2023
With the new financial year here, follow these steps to help take control of your super:
1 Choose a super fund that works for you
Consider things like strong long-term investment performance, low fees and a profit-for-member approach, where returns go back to members.
2. Consolidate your funds
If you have more than one super fund, you’re probably paying more than one set of fees. Combining multiple accounts into one fund can potentially save you thousands throughout your working life.
3. Add more when you can
The more you add to your super, the better chance it has to grow.
Making extra contributions could also make a big difference to your final balance.
4. Check your insurance
Did you know most super funds provide some form of insurance cover? It’s important to understand what insurance covers and whether you have the right cover for your lifestyle, and you’re not paying more than you need to.
5. Stick with your fund
Sticking with the right super fund is one of the simplest ways to grow your super. Just by doing this, you may be better placed to achieve the retirement lifestyle you want.
Remember, everyone's financial journey is unique, so planning now for the future is always helpful!
Learn more about how to manage your super - click here
Disclaimer: Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
2 Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice.
3 Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. We recommend you consider seeking financial advice.
This information may be general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/tmd.
Sponsored by AustralianSuper Pty Ltd, ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898
