Manage your super
It’s your retirement, but nobody expects you to get there alone. Here you can find how-tos, hints, tips, expert advice and tools to help get you closer to your dreams.
Introducing the Sunsuper app
The new Sunsuper app for members has arrived and it’s packed with features to help you achieve your retirement dreams.
Market Wrap January 2019
With Sunsuper Chief Economist, Brian Parker.
How I got my ex-(super) back & on track
You've changed jobs a few times and possibly left a trail of super funds behind you. Here's how to make the first move to get in touch with your ex-super.
Get financially fit with the Guru of Super
Become financially fit with these exercises geared toward budgeting and harnessing your superannuation. As the Guru of Super says, "Breathe in-come. Breathe out-come".
Are we born super-dextrous?
Becoming au fait with the basics of super can unlock the door to doing more in your retirement. To achieve this, we've compiled a short lesson to help hone your super-dexterity.
That’s your ‘Superannuation IQ’. Are you a Superwhiz who’s all clued-up on superannuation jargon? Or could it be time for you to get super-savvy fast? Here’s your chance to find out. Just choose the definition you think best fits each of the following common super terms.
Your SQ Score
Your SQ is
The accumulation phase
The period of time when an investor builds up the savings in their super account.
A person you nominate to receive your benefits after you die.
The bonus contribution the Government makes to the super accounts of eligible people.
An income stream
Regular payments received from a superannuation account.
An Industry Fund
A not-for-profit super fund, originally designed for people working in particular industries.
The age when you can access your super.
Before tax has been deducted.
A Retail Fund
A super fund, often run by banks or investment companies, that aims to earn profit for shareholders.
An arrangement made with your employer where you make extra pre-tax contributions into your super.
The compounding effect
The exponential financial growth achieved by earning interest on interest.
Total and Permanent Disability
Insurance cover for Total and Permanent Disability that may be part of your super.
A voluntary contribution
An amount you pay into your super from your after-tax income.
Voluntary after-tax contributions
You might be smarter, fitter, happier and better looking than many people your age, but could you be richer too? Find out how your super balance compares with other people your age.
Average balances are derived from research provided to Sunsuper by Rice Warner Pty Ltd. Figures for the number of superannuation accounts at June 2016 have been projected from information provided in APRA’s Annual Superannuation Bulletin, June 2016. Assumptions about age and gender were made with reference to membership profiles sourced from a number of Industry Funds, Public Sector Funds, and Master Trust providers. It has been assumed that the number of active accounts, balanced against the demographic profile of the Australian labour force as published by the Australian Bureau of Statistics in July 2016, is approximately equal to the size of the employed Australian labour force. Figures are correct as at 30 June 2016.
When it comes to super, women usually come off second best. Their average super balance at retirement is around half that of men’s. Isn’t it time we got the balance right?
Building your dream
Creating your dream retirement is a lot like building your dream house. You’ve got to get the foundations right, choose the inclusions carefully, make sure everything’s designed to suit your individual needs, and then maintain it all properly. Here are some tips to help make your dream happen.
It costs what???
It's hard to imagine how much things will cost when you retire. So we tried a little experiment to see how people would react to the cost of everyday items in 2045.
What could it mean if you sacrificed just one everyday luxury and put that money into your super? Find out how less now really could add up to more later.
If you gave up you could save by the time you want to retire.
Even better, invest the money you save int oyour super and it could be worth as much as by the time you retire.
The projected amounts are based on the assumptions below and are a general illustration only. If your actual situation differs from the assumptions made, the results may differ significantly. The actual results are not guaranteed in any way. The results are shown in today's dollars so they are consistent with today's living standards with an assumed discount rate of 3.75% p.a. The projected amount assumes that you continue to contribute the extra contribution until your submitted retirement age. The projected amount assumes the extra contributions are indexed at 3.75% p.a., a rate of investment return of 7.0% p.a. after investment fees and investment tax, a gross administration fee of 0.10% of account balance, no insurance premiums and no government co-contribution.
Getting on top of putting things off
Life admin. It causes most of us to say “La La La La La” – usually with our fingers firmly buried in our ear canals. Whether it has to do with work, or something as important as your sorting out your super, we always seem to set aside the seemingly irksome for the very last minute. The good news is there are easy ways to overcome this incredible desire to procrastinate, which are all explained in the helpful video below.
Have we become a procrasti-nation?
No, not at all. The headline above is merely a ploy to pique your interest and entice you to read this article and, if you’re still reading, a ploy that has been a complete success.
Introducing the procrasti-nah-tor
As we continue our mission to help diminish procrastination in the lives of people everywhere, we’ve taken the fight to what is arguably our greatest source of distraction – the Internet.
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