Super smart tips for your future

There are small things you can do now to make managing your super a little easier - and set yourself up for the future.

Being smart with your super is all about being aware of your finances and having an idea about your future needs.

Getting your super sorted doesn't need to take long. We know life is busy, and as Australia's largest and most trusted¹ super fund for over a decade, we're here to guide you on the small tasks that may have a big impact on your future financial wellbeing.

Explore and watch our super smart tips, by clicking on the tabs below.

Keep track
Take action
Consolidate
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Managing your super account

It’s easy to keep track of how things are going with your super. Using the AustralianSuper App you can check your balance, see your payments and even review your insurance cover.

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AustralianSuper employee (Lauren):

Are you on top of your super?

Our latest research found that 53% of Australians haven’t logged into their super account in the past 12 months¹.

If you’re part of this group, you might not be on top of your super. While we work hard to invest it for you for the long term, there are small things that your can do now to keep tabs on your super, and set yourself up for your best possible future.

The AustralianSuper app makes managing your account easy. You can see how much your super has grown since you’ve started working, check how often your super gets paid, and even review your insurance cover, all in the one place.

End Frame: It’s Australian. It’s super. And it’s yours.

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Top 3 takeaways

1. Keep tabs on your super payments

53% of Australians haven’t logged into their super account in the past 12 months².

2. Think about your retirement needs

Keeping an eye on how your super is going over the long term means you can plan for your best retirement. This will help set yourself up for long-term success when you finish working.

3. Download the app

It’s never been easier to stay on top of your super. Check your account balance, your super payments and review your insurance cover on the AustralianSuper app.

Download the app today

Four simple steps to set your super up for success

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AustralianSuper employee (Lauren):

With at least 10 and a half percent of your income going straight into super, it’s important to be “Super Smart”, particularly during times of uncertainty. So what actions can you take to maximise your super balance (and make sure your super is in good hands?)
- Find out if you have more than one super account, and if you do: consolidate.
- Compare funds with a long-term mindset, and decide which fund is right for you.
- Make it easy to keep tabs on your account, with an app like AustralianSuper’s.
- And finally, establish goals so that you can aim for the retirement you want.
At AustralianSuper we believe that by taking these 4 simple steps you’re setting yourself up for your best retirement outcome by the time you’re ready to retire.

End Frame: It’s Australian. It’s super. And it’s yours.
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Top 3 takeaways

1. Take control of your super

Take some time to look at your super. Consider planning ahead and thinking about your retirement needs and set goals to help you achieve your best possible retirement.

2. Consolidate

Consider combining multiple super funds³ to avoid paying multiple sets of fees.

3. Use technology to help

Keep track of your super with an app like AustralianSuper’s and consider a fund that focuses on the long-term to maximise your nest egg.

Interested in learning more about this topic? Register for a webinar or watch our OnDemand video here:

Register for a free webinar

Consolidating your super

If superannuation is something you haven’t paid a lot of attention to, you may have multiple accounts that you didn’t even know about. Consolidation is something you might want to consider to get your super in one place.³

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AustralianSuper employee (Lauren):

It’s a trap we can easily fall into… Have you ever moved jobs or changed your name?

Then there’s a chance you have multiple super accounts without realising. This has led to over $13 billion dollars in lost and unclaimed super in Australia.

With multiple accounts, your hard-earned savings could be hit with more than one set of fees which can have a huge impact on your super balance over the long term, and in uncertain times, it's something you want to get right.

Luckily, it’s easy to take control by combining accounts so that your super is all in one place, with one set of fees. You can use the ATO or AustralianSuper websites to consolidate your accounts, and set your super up for long term success.

End Frame: It’s Australian. It’s super. And it’s yours.

Disclaimers:

Total of lost and unclaimed super as at 30 June 2020. Source: ATO

Before combining your super, ask your other super provider about any fees or charges that may apply, and other information about the effect this transfer may have on your benefits, such as insurance cover.

Read the PDS and TMD at australiansuper.com. AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.

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Top 3 takeaways

1. Avoid paying multiple sets of fees for your super.

By consolidating your super, you put all of it in one place and with one super fund. That means only a single set of fees, plus easier account management.

2. Consider combining your accounts so that all your super is in the one place.³

Having your super in one account makes it easier to manage, and your super could benefit from compounding returns over the years.

3. Visit the ATO or AustralianSuper to consolidate your accounts.

It doesn’t hurt to check, make sure you know if you have multiple accounts. Visit the ATO.

Find any lost super

Note to members

Before combining your super, ask your other super provider about any fees or charges that may apply, and other information about the effect this transfer may have on your benefits, such as insurance cover.

Making the most of your super contributions

When you’re looking for the right super fund for you, consider long-term top performance. This could help to build up your nest egg for your retirement.⁵

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AustralianSuper employee (Lauren):

Did you know last week, the super guarantee increased to 10.5%? For many employees, this means you’ll be putting away more super towards your future.

But not all super funds are equal.

In times of economic uncertainty, it’s extra important to be confident that your hard-earned savings are in the right place.

Compare options with a long-term mindset; a small difference in fees and returns could make a huge difference to your retirement.

Funds like AustralianSuper make profits for members, not for shareholders. And as Australia’s largest super fund, AustralianSuper can leverage its size and scale to find the best investment opportunities, helping you make the most of your super.

End Frame: It’s Australian. It’s super. And it’s yours.

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Top 3 takeaways

1. More money in your super account

The super guarantee increased to 10.5% on 1 July 2022, and will rise further to 11% on 1 July 2023. This rise will give many people more money towards their retirement.

2. Think long-term

Super is all about the long-term. When you choose a super fund compare fees and look for strong long term performance⁴.

3. Pick a Fund you trust

As Australia’s largest super fund, AustralianSuper uses its size and scale to find the best investments for your nest egg. Find out more about how we invest.

Compare super funds

Important information to consider
1. Readers Digest Most Trusted Brands – Superannuation category winner for 11 years running 2013-2023 according to research conducted by independent research agency Catalyst Research.
2. Brand and market survey conducted by Nature on behalf of AustralianSuper 1 January 2022 – 31 March 2022
3. 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.
4. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
5. Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. We recommend you consider seeking financial advice.

Super smart tips for your future

There are small things you can do now to make managing your super a little easier - and set yourself up for the future.

Managing your super account

Show Transcript Hide Transcript

Top 3 takeaways

Important information to consider