7 July 2022
Being ‘super smart’ is all about awareness of your finances and having an idea about your future needs. With a few simple actions you can take to keep track of your nest egg and prepare for life when you finish working.
Getting you super sorted doesn't need to take all your time.
4 simple steps to set your super up for success
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Show Transcript
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.
End Transcript
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 funds1 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:
References
1. 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.
This may include general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read 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.
AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.
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