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Supersize your superannuation
Most working Australians are already investing, as at least 11.5 per cent of your pay goes into your superannuation account – and these accounts get invested, usually in a broad mix of assets.
Find out how to maximise your superannuation and investments to set yourself up for smooth sailing in retirement.
How superannuation funds are invested varies from fund to fund, but often includes a broad mix of assets including property, infrastructure, companies, and cash holdings.
If you’re in a default portfolio then it’s likely that shares play an integral role in your super investing mix. So if it is utilising shares, you could think of it as your personal share-investing portfolio.
To boost your superannuation, just remember the three C’s:
Check your balance regularly to make sure your choice of fund and insurance options suit your stage of life
Consider whether you should contribute extra if you can (there may even be generous tax concessions if you do)
Consolidate your super accounts so you’re only paying one set of fees. Before consolidating your superannuation, consider if there are any adverse consequences for you, including loss of benefits (e.g. insurance cover), investment options and performance, functionality, increase in investment risks, and where your future employer contributions will be paid
Did You Know?
Some superannuation funds allow you to have a degree of control over the types of investments they make on your behalf. From ETFs to shares, they may let you select where you want to focus your funds so you can have a degree of control without the need for large balances or increased admin on your part.
The information set out above is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information, you should consider whether the information is appropriate for you having regard to your objectives, financial situation and needs. By providing this information ANZ does not intend to provide any financial advice or other advice or recommendations. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances.