3 easy ways to grow your super
Superannuation | 15/07/2021 |
5 min read
How’s your super looking?
If you’re like most Australians, you probably don’t think about it a whole lot.
But a few small tweaks to your super can make a real difference to your future balance. Which means a more comfortable retirement.
Get started today with the three steps below, and look forward with confidence.
1. Consolidate your super
We can help you track down any lost super you may have and consolidate it into your account. Having all your super in one account means you save money, since you're not doubling up on fees. It also allows you to manage your super from one account, so you've got complete control. Find out more.
Getting started: Log into your Equip account and select ‘Find my Super’ from the drop-down menu. You’ll be given a list of all your super accounts and can combine them with the click of a button.
2. Check your investment options
Personalising your investment options and choosing a strategy that best meets your financial goals and risk tolerance can make a big difference to your future balance.
For example, our default MySuper option has delivered a very healthy 16.80% over the previous 12 months (to 30 June 2021). For those that are willing to take on more risk, our Growth option has delivered 20.99% over that same timeframe. Meanwhile, our Conservative option delivered 7.51%. Just remember, past performance is not a reliable indicator of future performance.
Getting started: Log into your Equip account and select investments from the drop-down menu. You can then update your investment mix to suit your life stage and risk tolerance.
3. Salary sacrifice
Salary sacrifice means you pay some of your pre-tax salary into your super account. As well as boosting your super balance, salary sacrificing can potentially reduce the amount of tax you pay.
Small additions to your super can add up, and even $20 a week is enough to set yourself up for a better retirement if you start early. Learn more by clicking here.
Getting started: Simply contact the payroll office at your work and let them know you would like to start salary sacrificing. We’ve even prepared a form that you can provide to make life easier. Download it now.
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This information is provided for general information only. It does not take into account your personal objectives, financial situation or needs and should therefore not be taken as personal advice. You should consider whether it is appropriate for you before acting on it and, if necessary, you should seek professional financial advice. Togethr Trustees Pty Ltd ABN 64 006 964 049, AFSL 246383 ("Togethr") is the trustee of the Equipsuper Superannuation Fund ABN 33 813 823 017 ("Equip" or "The Fund"). Past performance is not a reliable indicator of future performance.
Togethr Financial Planning Pty Ltd (“TFP”) (ABN 84 124 491 078, AFSL 455010), trading as Equip Financial Planning, is licensed to provide financial planning services to retail and wholesale clients. TFP is owned by Togethr Holdings Pty Ltd (ABN 11 604 515 791). You can obtain the TFP Financial Services Guide and/or Privacy Statement by contacting our Helpline on 1800 682 626. This is general information only and does not take into account your personal objectives, financial situation or needs and therefore should not be taken as personal advice.