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

The 7 Step Super Transformation

Managing your super requires that you go through a process that will help boost your super funds in time. If you donít follow such process, you will miss the opportunity of getting the most out of your superannuation.

Here are 7 steps that you can follow for a super transformation:

1. Learn the advantages of keeping one super fund for life. It will make your life simpler if you can get all your super fund in one place. If you have multiple super accounts, it would be difficult for you to manage them all. You all run the risk of having to pay multiple fees. With one account, you will only be paying one fee and save thousands of cash in the long run.

2. Learn how salary sacrifice could save you thousands of tax each year. Salary sacrificing entails putting part of your salary into super besides the employer contributions which your company is paying as compulsory contribution for your super fund. With the power of compounding interest, even 1% of your salary could accumulate into thousands of cash in the long run.

3. Find out what an additional regular 1% contribution could add to your super balance. An additional 1% contribution to your superannuation can make a difference through compounding interest. It may not seem much to you at present but in the long run, you can potentially get thousands of dollars in return which would be a great addition to your retirement funding.

4. What the advantages of different investment options. Different investment options will provide you with opportunities to gain more out of your super money. You can opt for stocks, real estate, or property just to name a few. Depending on your chosen risk factor, you can increase the benefits you will get out of super to a certain degree.

5. The advantages of having your partner or spouse contribute to your account through various contributions. Having your spouse or partner contribute to your super will increase of even double the returns you will get from your accumulated money through retirement.

6. How can you protect yourself and your family/loved ones through insurance offer through the Fund. Security is one of the most important things to have when it comes to managing your super fund. With a super fund you can enjoy the benefits of insurance offers for you and your loved ones.

7. Ensure your wishes are honoured at death. After death, your super will go to your beneficiaries. Make sure you have set your deed in order for your super money to go to its final destination.

All these steps will transform your super in a way that becomes most beneficial to you if done right. It is best to seek the advice of a financial adviser to get the best results. For more tips, feel free to set a free consultation with our administrators at www.australiansuperfinder.com.au. Call us at 1300 252 167

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