Super plan for the new year

Aware Super

Knowing the average super balance for people similar to you can help you plan for the future. See where you stand and, if you want to make this year a prosperous one for your super, here’s a five-point plan.

1. Get help and reach out to your super fund. Speaking with experts or your super fund can help you grow your super, make better investment choices and feel more secure about your money in the future. You can book a free 30-minute video chat with one of our super helpful Education Managers who specialise in helping union members. They’ll help you cut through the ambiguity and focus on what matters most for your retirement. All union members are welcome – book your appointment today.
2. Add extra money to your super when you can. You can stop and start whenever it suits and adjust how much you contribute based on your circumstances.
3. Check who gets your super in the event something was to happen to you. Make sure the people you want to receive your super are listed correctly and up to date with your super fund.
4. See how your super is invested. It’s worth checking whether your current mix of investment choices aligns with your stage of life, financial goals and comfort with risk.
5. Combine your super accounts if you have more than one. If you have multiple super accounts, consolidating them could help you save on fees and boost your retirement savings. Before consolidating, consider if this is right for you, including the loss of any insurance cover from your other funds, the impact on your investments, and potential tax implications. You may wish to speak with a qualified financial planner before making this decision.

Access our resources and tools that make navigating your superannuation super simple.

Advice provided by Aware Financial Services Australia Limited (ABN 86 003 742 756, AFSL 238430), wholly owned by Aware Super. Before contributing, consider the relevant superannuation thresholds including the current annual limit for all before-tax contributions and after-tax contributions. Exceeding any of these thresholds, may reduce any tax benefits you could receive. Past performance is not an indicator of future performance.

General advice only. Consider your objectives, financial situation, or needs, which have not been accounted for in this information and read the PDS and TMD at aware.com.au/pds before acting. Issued by Aware Super Pty Ltd (ABN 11 118 202 672, AFSL 293340) trustee of Aware Super (ABN 53 226 460 365).