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


Okay, let's start at the very beginning.

How you get Super

Let's say you're working. It is expected that our employer will pay your salary. Most of this money will go to you, and you can do whatever you want with it. But at some point in your life, you will invest some of this money. For example, you can invest in property or put it in a savings account. When you retire, the money you saved will support your retirement lifestyle.

Your employer will also put a small portion of your salary into your superannuation account, which is managed by a Super Fund. Just like what you do with your money, your super fund will also invest your money also to support your desired retirement lifestyle. It is useful to think of your super savings as like your personal savings, only that it is your super fund that's doing most of the work.

When you retire, you will have funds that are made up of:

a. The money you've saved and grown by yourself.
b. The money managed and invested for you by your superfund.

Let's dig deeper into what a super fund does with your money. Your super fund will invest your money across three areas:

• Property
• Shares
• Cash and Fixed Interest

This is unlike what you would do with your personal savings.

Do you get a say in how your superannuation is invested?

The answer is a resounding ‘yes.' It can be done with something called a ‘product.' The product is a pre-mixed combination of investment choices. A super fund will typically offer a variety of products which differ in their level of return and risk.

The purpose of any product is to give you a return on investment or ROI, and the higher, the better. However, this is not without risk. An investment with high risk is something in which you can potentially earn a lot, but there is also a chance you can make a loss. A low-risk investment is something which has more stability but also yield low returns.

Different people have the different appetite for risks. That's why super funds create multiple products. So you can choose a product that suits your risk preference. Super Funds commonly offer a range of goods. Starting with conservative ones, where the majority of your money is invested in cash and fixed interest, and a growth product, which invests a considerable proportion of your money in property and shares. All super funds also offer a balanced product, in which 30% of your money will be invested in property, 40% of shares, and the rest in cash and fixed interest. When you're starting a job, and you don't know which super fund to choose, your money will be placed in a balanced product by default.

If this subject is a bit complicated for you, then feel free to consult with us by calling 1300 252 167

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