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Is my Super on Target? Getting To Know Your Super

Whether you are just starting to put money into superannuation or you are getting close to your retirement, it is important to know how your super is doing. You should check it regularly to ensure that it is on the right track. If not, you can make the changes necessary to be ready for your future.

4 things to consider when looking to see if your super is on target.

1. First, log into your account regularly.

Most people don’t have any idea how much money they have in their super account. For this reason, you should log in regularly to make sure that your super payments are going in and that your money is working for you.

2. Then, find out where your funds are invested.

If you’ve never made an active choice about how your money is invested within a super fund, your money will be put into a MySuper (default) investment option. You can choose how your super is invested.  Most super funds offer a range of investment options.  By investigating each option, you can decide to take on more risk for possible higher investment returns, or reduce your risk and secure what you’ve got.  No matter which investment option you choose, you will need to make sure that it is right for you.  You have to decide how much risk you are willing to take in order to have the retirement that you want.

3. It is also important to know what fees you are paying.

There are many different types of fees so it important to understand how much is taken out of your super regularly.  You can find out what fees you’re being charged in your annual super statement, on your super fund’s website or in their Product Disclosure Statement (PDS).

4. If possible, try to put more money into your super.

Every dollar that you add to your super savings helps, especially over time. To do this, you may want to talk to your employer about salary sacrifice, or you can contribute a small amount from your take-home pay each pay period.


The best way to determine if your super is on target is by talking to a professional. Contact us to discuss your super and how you can make your super savings grow!