Grow your super
What you do today can make a big difference later. Explore the steps you can take to help grow your retirement savings.
5 tips to help grow your super
Regularly logging in to your online account is a simple way to stay connected to your super. It allows you to confirm your employer contributions are being received, track your balance and recent transactions, and ensure your personal details are up to date. Having a clear understanding of your super today can help you make confident decisions about your financial future.
If you’ve had more than one job throughout your career, or ever changed your name or address, there's a chance you could have more than one super account.
Combining your super accounts may help reduce the fees you're paying and make it easier to keep track of your retirement savings. You may also be able to find any lost or unclaimed super that belongs to you.
Before combining your super, consider whether you could lose any benefits, such as insurance cover, attached to your other accounts.
Adding even small amounts to your super could make a significant difference to your retirement savings over time.
There’s a number of ways you may be able to contribute extra to your super, including:
- Salary sacrifice contributions through your employer
- Personal after tax contributions
- Spouse contributions
- Government co-contributions (if eligible).
Before making extra contributions, consider contribution caps, tax implications, when you can access your money, and whether it is right for your circumstances.
Your super is invested to help it grow over time, but different investment options carry different levels of risk and potential return. The option (or options) you choose should reflect your goals, how long you have until retirement and how comfortable you are with investment risk. Regularly reviewing your investment choice can help ensure it continues to suit your circumstances and retirement goals.
Insurance cover through your super account can provide financial support if you're unable to work or pass away.# Everyone’s insurance needs are unique and can change over time, so it’s important to review your cover to make sure it's still appropriate for your circumstances and that you're not paying for cover you no longer need.
Help when you need it
Whether you're looking for guidance on contributions, investments, retirement planning or your super, a BUSSQ financial adviser can help you navigate your choices and make the most of your retirement savings.^
Give your super a boost
Whether you're just starting out or nearing retirement, making extra contributions to your super could make a real difference over time and help grow your retirement savings. Learn more about the different ways you can contribute extra to your super.
Get more from your super
There are plenty of things you can do now to make a big difference later.
