I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Investing Inside Your Superannuation

The decisions you make today can make a big difference to your future. So letís take a closer look at your investments. What they do, where they are, and how they work for you now will secure you in your future.

With an average investment period of up to 50 years, super is likely going to be one of the biggest investments youíre going to make in your lifetime. There are a number of investment strategies employed to help you achieve the retirement you dream of.

Investing in super in often a forgotten asset class either because of the lack of control, lack of transparency, or the cause of changing legislation. Itís important however for you to know the different options you have available in your super.

There are 3 main ways in which you can invest in super:

1. Industry Fund. This is a low-cost solution which provides very little features and a benefit while at the same time doesnít cost you much. Itís coming to you when you have a low balance.
2. Whole sale or retail fund. This is when your balance increases and you want access to more funds and flexibility within your superannuation. The fees are typically a little bit higher than the industry fund but the features and benefits you get will outweigh the increase in your fee.
3. Self-managed super fund. This is a very popular way in investing in your super because it gives you the ultimate control. You no longer have to invest in a product provider, either the industry or retail fund. You are the trustee so you have a hundred percent control in what you get in your superannuation.

It is important however, regardless of whether youíre in industry, retail, or self-managed super fund that you look at the following while considering whatís important for you:
1. Fees. Not necessarily for the cheapest option, but youíre looking for a fee that is competitive, and the fund gives you the features and benefits you are looking for.
2. Insurance. A long of insurances can be held through superannuation. Every fund will have different offerings and different process of what your insurance is. While understanding your needs and what youíre willing to pay will help you define what superannuation is appropriate for you.
3. Investment Options. A lot of people donít realize that they can choose where they can invest their super money.

Regardless of what your position is, itís important to know where your super is and what youíre going to do with it. To know more about super, go to www.australiansuperfinder.com.au

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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