Improved Investment Options

Although many Australians don't see their super as a problem, school systems fail to teach us the key elements of choosing an ideal superfund. To narrow down your choices, there are three core aspects you should be aware of: Fees, Returns, Risk.

Superannuation funds come with a variety of fees, such as administration charges, Management Expense Ratios, Indirect Cost Ratios and Insurance Premiums. Unfortunately for most Australians these other costs aren't always visible on their super statement; that's why our experts have made it their mission to break down the additional expenses you might be paying without realising. Join us today and get an accurate picture of all your fund costs!

Returns are ever-evolving and constantly fluctuating, so what may have been a top-performing investment fund in the past could be lagging behind today. Similarly, what might seem like your best option now can quickly become obsolete; that is why it's essential to review your superannuation funds regularly to ensure you remain ahead of the curve and your strategy continues yielding positive performance.

If you had $50,000 of your hard-earned money on the line, you'd know exactly where it was invested. But do you have any idea how much risk and exposure to the markets your superannuation is subjected to? Surprisingly, most Australians are unaware of their superannuation investments. That's why it's important for everyone to understand what their retirement savings are being used for - don't let yourself be one of those who remain in the dark!

By having a review of your superfund, you are able to gain peace of mind in knowing that you're doing the right things with it. In addition, if all goes well and just a small adjustment is made today, then you could very possibly retire sooner or even have more money saved up for retirement. Don't wait any longer--find out now how your superfund works and what can be done to help improve it!

- Compare funds - Take advantage of a superannuation comparison website to examine how your fund measures up against the highest-performing funds. Despite the fact that performance may fluctuate from year to year and past performance is not an indication of future results, it's sensible, if possible, to choose a fund with a positive reputation for success and stability.

- Decide - Choose a fund that suits your financial needs

- Check your insurance - Guarantee that you are able to attain a suitable insurance level in the fund of your selection.

- Open an account - When selecting a super fund, don't forget to create an account with them and obtain all the information that your employer would need in order to make contributions. Be sure you are completely satisfied with the insurance level before making any changes!

- Notify your employer - Make sure your employer is aware of where to put in your superannuation payments, as well as how to properly identify you when transferring money into the fund.

- Roll over super to your selected fund - For a more in-depth look, visit the Australian Taxation Office (ATO)'s monitoring of your superannuation page. The easy way to do this is through myGov online - and if you wish to move your balance over to another fund, simply contact them via website or phone!

Exploring Contribution Options into Superannuation

Case Study: Boosting your superannuation via salary sacrificing

Salary sacrifice is an arrangement where you agree to forego a portion of your salary to contribute extra to your superannuation. These contributions are made before tax, potentially lowering your taxable income. This can be a tax-effective way to increase your super balance, but it's important to consider contribution limits and personal circumstances.

Superannuation Contributions: Understanding Carry Forward and Bring Forward

The 'carry-forward' rule allows you to make additional concessional (before-tax) contributions to your super if you have not reached your concessional contributions cap in previous years, subject to eligibility. The 'bring-forward' rule lets you make up to three years' worth of non-concessional (after-tax) super contributions in one year without exceeding the non-concessional contributions cap.