Simple but powerful life hacks to get the most out of your super at any age

Actively managing your superannuation throughout your life is one of the keys to a 'super' retirement.

Super tips throughout your life

If you've been neglecting your super or aren't aware of its many 'super-powers', it probably needs a bit of a makeover. And there are plenty of easy ways to get started. Here are a few simple but powerful life stage tips to help you get the most out of your super.

Tips for your 20s and under

• Make sure you're getting paid super. From 1 July 2022, employers will be required to make super guarantee contributions to your superannuation fund if you're over 18, regardless of how much you are paid. If you're under 18, you are eligible to receive super if you work more than 30 hours a week.
  
• Find any lost super from part-time or casual jobs you've had by logging into your myGov account linked to the Australian Taxation Office (ATO) and clicking on Manage my super, or by phoning the automated super search line on 13 28 65.
  
• Consider consolidating all of the super accounts you have into one super fund. This may make it easier to manage and will cut out multiple sets of fees. Note, when you're consolidating, make sure you look through each of your accounts and compare them to ensure you're choosing the best account for you, considering things such as fees and insurance(s).
  
• Set up online access to your account so you can keep track of your super savings.
  
• Consider your super investment option, taking into account the long-term nature of super.
• Is your income less than $45,400 per year (in 2024/25)? If so you could qualify for a maximum government co-contribution payment of $500 on a $1,000 voluntary super contribution. You can still qualify for a part government co-contribution payment if your income is less than $60,400 per year (in 2024/25). See how much you could receive here.
  
• Want to buy a home and know you could afford the mortgage repayments, but can't seem to get the deposit together? The First Home Super Saver (FHSS) scheme may be just what you need to get you on the property ladder as it could help you accelerate your first home savings by up to 30%.^disclaimer

Tips for your 30s

• Set up online access to your account – to keep an eye on your super and to help you with the rest of these tips.
• Consider finding any lost super and consolidating all of the super accounts you have into one super fund. This may make it easier to manage and will cut out multiple sets of fees. Note, when you're consolidating your super, make sure you look through each of your accounts and compare them to ensure you're choosing the best account for you, considering things such as fees and insurance(s).
• Consider a super salary-sacrifice arrangement^disclaimer with your employer to boost your super and lower your taxable income.
• Consider increasing the life insurance included in your super, especially if you have a mortgage and/or dependants.
• Check that you've nominated a beneficiary for your superannuation/insurance benefits.
• Consider your super investment option, taking into account the long-term nature of super. 
• If you're not working but your partner is, see if you're eligible for spouse contributions and consider whether this is appropriate for you.
• Is your income less than $45,400 per year (in 2024/25)? If so you could qualify for a maximum government co-contribution payment of $500 on a $1,000 voluntary super contribution. You can still qualify for a part government co-contribution payment if your income is less than $60,400 per year (in 2024/25). See how much you could receive here
• Want to buy a home and know you could afford the mortgage repayments, but can't seem to get the deposit together? The First Home Super Saver (FHSS) scheme may be just what you need to get you on the property ladder as it could help you accelerate your first home savings by up to 30%.^disclaimer

Tips for your 40s

• Set up online access to your account – to keep an eye on your super and to help you with the rest of these tips
• Consider a super salary-sacrifice arrangement^disclaimer with your employer to boost your super and lower your taxable income.
• Review your life insurance(s) to ensure you have enough to cover your mortgage and anyone who depends on your income.
• Check that details for the beneficiary you've nominated in your superannuation and insurance are up to date.
• Consider your super investment option, taking into account the long-term nature of super. 
• If you're not working but your partner is, see if you're eligible for spouse contributions and consider whether this is appropriate for you.
• Is your income less than $45,400 per year (in 2024/25)? If so you could qualify for a maximum government co-contribution payment of $500 on a $1,000 voluntary super contribution. You can still qualify for a part government co-contribution payment if your income is less than $60,400 per year (in 2024/25). See how much you could receive here
• Want to buy a home and know you could afford the mortgage repayments, but can't seem to get the deposit together? The First Home Super Saver (FHSS) scheme may be just what you need to get you on the property ladder as it could help you accelerate your first home savings by up to 30%.^disclaimer

Tips for your 50s

• Set up online access to your account – to keep an eye on your super and to help you with the rest of these tips
• Consider a super salary-sacrifice arrangement^disclaimer with your employer to boost your super and lower your taxable income.
• Check that details for the beneficiary you've nominated on your superannuation and insurance are up to date.
• If you're not working but your partner is, see if you're eligible for spouse contributions and consider whether this is appropriate for you.
• Review your life insurance(s) to ensure it reflects your financial responsibilities, which may be decreasing if your children are older or your mortgage is smaller.
• Consider your super investment option, taking into account the long-term nature of super and review your investment option to ensure it's appropriate for your retirement time frame.
• Is your income less than $45,400 per year (in 2024/25)? If so you could qualify for a maximum government co-contribution payment of $500 on a $1,000 voluntary super contribution. You can still qualify for a part government co-contribution payment if your income is less than $60,400 per year (in 2024/25). See how much you could receive here

Tips for your 60s

• Set up online access to your account – to keep an eye on your super and to help you with the rest of these tips.
• If you're over 65, you could consider turning your superannuation account into a pension account to take advantage of the additional tax free cashflow. If you're under 65, you'll have to have reached your preservation age (6o years old) and be retired to start a pension account with a tax free cashflow.
• Consider reducing your working hours while using income from your super to maintain your lifestyle.
• Is your income less than $45,400 per year (in 2024/25)? If so you could qualify for a maximum government co-contribution payment of $500 on a $1,000 voluntary super contribution. You can still qualify for a part government co-contribution payment if your income is less than $60,400 per year (in 2024/25). See how much you could receive here.
• Review your life insurance(s) to ensure it reflects your financial responsibilities, which may be decreasing if your children are older or your mortgage is smaller.
• Review your investment option to make sure you're comfortable with the level of risk you're taking leading into retirement.

A super account for any life stage

If you're looking for a super solution that’s easy to take care of and has savvy investments, consider ANZ Smart Choice Super. You could benefit in the following ways:

Smart investments that adjust with your age

Choose your investment mix, or invest in Lifestage options that select a mix of investments based on your age and adjusts them as you get older, reducing the stress of managing your super throughout your lifetime.

No hidden charges

Hidden fees can eat away at your super balance. But with ANZ Smart Choice Super there are no hidden fees, so you’ll know your costs upfront – no surprises, just transparency.

Keep track of your super

You can stay in control and keep track of your super alongside your ANZ bank accounts through ANZ Internet Banking or the ANZ App.

Insurance cover to suit

You can have peace of mind with a range of insurance options to help you plan for the 'unexpected'.

Investment performance

Find out how ANZ Smart Choice Super has performed.