-
Consolidate your super accounts. Multiple accounts means multiple fees.
-
Make sure you have all your super entitlements. Go to SuperSeeker to find any lost accounts.
-
Top up with voluntary contributions; it is one of the best investments you can make.
-
See if you are eligible for the Federal Governments's co-contributors scheme, which can deliver a 50% boost to deposits.
-
Check that the insurance in your super meets your needs.
-
Tailor your investment risk to your age. In general, young people should be more prepared to take on risk then older people.
-
Think twice, and maybe even three times, before setting up your own self-managed super fund - and source quality advice.
- If you are over 55, consider a transition-to-retirement strategy.