Take control of your financial future
In between juggling work, home life and social calendars, we tend to push managing our finances to one side – unless we’re talking about paying bills here and there. But giving you and your money a little ‘me time’, can do wonders for your financial future.
Five easy steps to take control of your super
There are little things you can do now like choosing a fund with strong, long-term performance, combining multiple super accounts, and setting up regular extra payments to your account. And the earlier you get started, the better set up for retirement you’ll be.
1. Choose and compare
1. Choose and compare
It’s important to choose the right super fund – one that puts members’ profits before its own is a great place to start. Comparing funds with independent online tools like Chant West’s AppleCheck is one of the easiest ways to make the right decision.
2. Consolidate
3. Contribute
3. Contribute
Whether you’re self-employed or you work for someone, any extra you add to your super5 can make a difference to your retirement through compounding interest. See the difference a little extra each week can make with our Super Projection Calculator. And if you do work for yourself, it’s up to you to pay yourself super – which can also be a tax-friendly form of saving.
4. Check insurance
4. Check insurance
Most funds offer default insurance for death and disablement when you join or when you become eligible to receive insurance cover. So it’s worth checking your account to see if you have enough cover or paying for too much insurance. Our insurance calculator can help you figure out how much cover you need.
5. Continue
5. Continue
Once you’ve taken the time to carefully choose a super fund – and it’s providing strong long-term returns – one of the best things you can do is take your fund with you when you change jobs or retire. If you’re an AustralianSuper member, download the app to take your super with you.
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Important information you should know
- Based on the returns of the AustralianSuper Balanced Investment option compared the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index. Top 10 performing fund for the 1, 3, 5, 7, 10, 15 and 20 years to 30 June 2019. You can view returns for all AustralianSuper investment options here. PReturns from equivalent options of ARF and STA are used in calculating return for periods that begin before 1 July 2006. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
- Readers Digest Most Trusted Brands – Superannuation category winner for eight years running 2013-2020 according to research conducted by independent research agency Catalyst Research.
- Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. With your approval, a fee may be charged if a Statement of Advice is produced.
- You should ask your super provider for information about any fees or charges that may apply, or any other information about the effect this transfer may have on your benefits, such as insurance cover, before making a decision.
- You should consider your debt levels, contribution caps that may apply and tax issues before adding to your super.