AustralianSuper is a long-term partner of the Mother's Day Classic, and we're excited to continue our partnership for the 11th consecutive year in 2023. We noticed an increase in insurance claims related to breast cancer, so are proud to support a foundation that’s raised millions to fund life-saving breast cancer research, helping those affected and the Australian community.
By getting active with your super today, you could make a big difference to your financial future later on.
Small steps to a brighter future
On average, women aged between 60 to 64 have a super balance of $246,885 compared to men who have $322,184. This means women have around 23% less super than men1.
But it doesn’t have to be like that. There are little things you can do now which can make a big difference to your financial future. Take these 5 steps to help take control of your super:
1. Compare and choose
Comparing funds can be a great place to start when choosing the right super fund for you, looking at things like long-term investment performance, fees and insurance options.
Compare super funds
2. Consider consolidating
More than one super account can mean doubling up on fees, which can reduce your overall super balance, so you may want to consider consolidating multiple accounts2.
Consolidate your super
3. Contribute a bit more if you can
In addition to employer contributions, super can also grow through any extra contributions you add to it during your working life3.
Grow your super
4. Check your insurance
Paying for insurance cover out of your super may mean you'll have less for retirement, but having cover can provide peace of mind, so consider if it’s right for you.
5. Manage your super on the go
Managing your super on the go has never been easier with the AustralianSuper mobile app. You can be in charge of your super anywhere, anytime.
Download the app
A super history
Did you know super has long played a role in the Mother’s Day Classic?
Since the Mother’s Day Classic was founded in 1998, superannuation funds had increasingly noticed that breast cancer was one of the common reasons for accessing death and disability benefits.
This presented an opportunity for AustralianSuper to be part of the journey and collaborate for an inspiring event to help raise funds and awareness, so that we can all see out a life that involves an enjoyable healthy and happy retirement. To learn more about the role super plays in the Mothers Day Classic visit mothersdayclassic.com.au/foundation
Joining us is easy
It’s easy to see the difference a top-performing fund4 could make. Become a member in under 15 minutes.How to Join
Important information to consider
- Ages 60 – 64, Deloitte Average Balances to 30 June 2022, rounded to the nearest $100. People with zero superannuation are not included in average data.
- 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.
- Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. We recommend you consider seeking financial advice.
- SuperRatings Fund Crediting Rate Survey, SR50 Balanced (60 76) Index to 31 March 2023. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006. Investment returns aren’t guaranteed. Past performance isn’t a reliable indicator of future returns.