Testimonials


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

Three Most Over-looked Ways of Saving on Your Super

This section will discuss each of these overlooked ways.

Check If You Employer Has Been Making Compulsory Super Contributions or Superannuation Guarantee at the Right Amount

If you are earning, at least, $450 per month, then your employer is expected to make super contributions for you. The super amount present equals to 9.5% of your earnings (on an ordinary basis), even though 9.5% can be a lot of things depending on the type of earnings you have whether $X plus super' or $X including super'.

The employer should pay your superannuation contributions from your super fund or into a superannuation fund as stated in an industrial agreement or award at least on a quarterly basis. The SG rate increased up to 9.25% for the year 2013/2014 and then reached up to 9.5% in the years 2014/2015 and the years 2015/2016. The 9.5% will remain the same until June 2021. The SG rate will increase again to 12% by July 1, 2025.

Check Out Your Life Insurance within Your Super Fund

Working on the amount of superannuation funding for life insurance can be difficult to you. The insurance premium you can get may depend on your profession, gender, age, your current health status and smoking habits. Superannuation funds should offer minimum insurance coverage with no need for medical examination should your super fund automatically get super contributions for the individual. So if you don't actively select your super fund, then the superannuation fund chosen by your employer or as forwarded within your industrial agreement or award should provide minimum life insurance coverage.

Ask Yourself As To How Much Super You Need for Retirement

If you are aware of your savings target, and what you should have to reach it, then you can work on your retirement plans and hopefully have fewer worries about your retirement life. You can figure out how much super is needed for a decent and comfortable retirement life or even experience a luxurious lifestyle after retirement. You can calculate the number of years required for your retirement plan and be more precise about your average life expectancy.

There may be other ways of saving for your super funding that you are not aware of. Take this opportunity to look into our articles at www.australiansuperfinder.com.au and learn more about superannuation.

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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