How much super do you need?
How much you'll need to fund your retirement will depend on your retirement expenses and the sort of lifestyle you'd like to enjoy. Once you've decided on the types of things you’d like to do, the retirement forecaster can help you work out how long your savings need to last.
Preparing for retirement
It’s never too late to get your retirement on track. Here's some things to think about before you stop working.
Combine your super
Having more than one super account normally means paying more than one set of fees. Rolling your super into one fund could save you lots.
Get tax advice
You could take advantage of superannuation tax benefits, like taking an income tax-free from your super while contributing to your super balance at the same time. Our financial advisers can help if you want to learn more. Just call 13 11 84.
Look at how your super is invested
Up to 60% of your total investment earnings can actually be earned while you’re in retirement*. Think about how you can invest this money, rather than withdrawing it all in cash. Check out the Income account investment choices.
*Source: Russell Investments: The 10/30/60 Rule. January, 2015
Discuss refinancing your home
If you have a mortgage on your home, it’s a good idea to speak to someone about your options before you retire. You may want to reduce your mortgage payments and invest more into your retirement fund. Discuss your personal situation with our financial advisers.
Review your health cover
Approaching retirement is a good time to review your health insurance and ensure you have the cover you need, make the most of tax benefits and have peace of mind.
Join the SunTracker program
We offer members access to our SunTracker program at no additional cost, which connects you to a Sunsuper financial adviser. Together, you’ll look at where you want to go, where you’re headed, whether you’re on track and look at what you can do to get there.
Start working less
Just because you’re working less, doesn’t mean you should have less money. You can supplement your income from your super with a Transition to retirement income account.
Retire with Sunsuper
Did you know up to 60% of your retirement income could be generated after the day you stop working – through earnings on your super? Make sure compound interest keeps working hard for you in retirement by accessing your super through a super pension like a Sunsuper Retirement income account.
Sunsuper Income accounts
Our Transition to retirement income account has been designed for members who are still working, but nearing retirement and want to receive regular payments from their super to supplement their income. Our Retirement income account is generally for members who have reached their preservation age and retired, or are over age 65, and want to receive regular payments from their super.
Choosing how your super is invested and keeping a close eye on its performance will give you greater control of your financial future.
Income account fees
Our profit-for-members philosophy means our members benefit through lower fees and improved services—dividends for shareholders and commissions to planners don’t get in the way of your dreams.
What others like you are doing
Explore the ways our members are retiring on their own terms.
Expert advice included in your membership fees
We can provide you with the help and advice you need to set yourself up for retirement. Our qualified financial advisers can answer most of your super questions over the phone.