The earlier you take action and get stuck into building your super, the better off you will be. It’s your money, so make sure it's working as hard as you do. Consider some of the small decisions you can make today.
Superannuation accounts aren’t all the same – they have different ‘investment profiles’. Your investment profile is based on the mix of assets your super is invested in and it plays a critical role in how much you’ll have in retirement.
Unless you’ve specified an investment profile when you opened your super account, your employer will invest your contributions in what’s called a ‘Balanced’ profile.
This is OK – it means your money is invested in a balanced mix of asset types and it’s a fairly standard super account.
However, if you’ve got plenty of years to go before you retire, you should be looking to boost your super with more growth assets, like shares or property.
It’s your money – why wouldn’t you want it to work hard for you?
Over time, investment profiles with mostly growth assets generally deliver the best overall returns – you just need a timeframe of at least 5 years, preferably longer, to see the benefits.
Your small decision
Your investment profile is easy to change with a little professional advice.If this sounds like something that might suit you or you’d like more information about it, please complete our online enquiry form or call our Direct Solutions Team for assistance on 1300 669 445.
Note: Before your decision is made, you’ll receive a documented Statement of Advice from us, outlining our recommendations and reasons for your small – but wise - decision.
Super is a great investment because of the tax benefits it offers and because you can’t touch your money until you’re older - and wiser! Nothing else can match super for these benefits, so it makes sense to take advantage of it.
But unless you’ve already accumulated a heap of money in your super, the 9% Superannuation Guarantee contributions your employer makes for you aren’t likely to be enough for a decent nest egg when you stop working.
So you need to be adding a bit more. And it’s surprising how a small extra amount can make a big impact on your final super balance.
The best way to drip feed your super is by making contributions via salary sacrifice, arranged through your employer. This is a voluntary arrangement that you can cancel or change at any time.
Your small decision
If this sounds like something that might suit you or you’d like more information about it,
please complete our online enquiry form or call our Direct Solutions Team for assistance on 1300 669 445.
Note: Before your decision is made, you’ll receive a documented Statement of Advice from us, outlining our recommendations and reasons for your small – but wise - decision.
