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Author: Darryn Thode

Are you making the most of your super?

Did you know, Australians have approximately $13 billion in lost super?*

If you are like most people, perhaps your super is out of sight, out of mind.

But why not take an active interest in your super and start reaping the benefits, particularly as not all of them require you to dip into your own pocket outside of super.

An ‘active interest’ does not mean analysing acres of spread sheets to monitor performance, it simply means implementing a few simple strategies which not only boost your super, but could reduce the amount of tax you pay.

Here are some things you may not have considered, but perhaps should to ensure you get the most from your hard-earned superannuation dollar:

  • Do you have any lost super? Did you know there is $13 billion in ‘lost’ super waiting to be claimed?^  What if some of that money was yours?
  • How many funds do you have? If you’ve had more than one job and haven’t actively made a choice about where your super is invested, then chances are you’ll have more than one fund, which means you may be paying unnecessary fees and charges.
  • Receive a co-contribution from the Government If you earn up to a certain threshold, did you know that by simply making a personal contribution to super, you could qualify for a co-contribution from the Government, up to $500?
  • Make the most of your contribution limits Making additional pre-tax (or salary sacrifice) contributions not only boosts your super but could also reduce the amount of tax you pay.

Bridges is proud to partner with The Greater to deliver industry-leading financial advice to their 240,000 customers across NSW and South East QLD.

If you've got questions about your retirement income that extend beyond the realms of Super, we've put together their top five tips to help you get prepared for your life after work - check them out here.

And if you'd like to speak directly with an expert, why not contact The Greater or make an appointment online to meet with a Bridges Financial Planner? 

During your initial complimentary, obligation free appointment, one of our friendly financial planners will run through how we can develop a plan specifically for you; one that’s tailored to your needs and circumstances, to help you achieve your goals, both in the lead up to retirement and during retirement.

Do you have some advice on making the most of your super? Why not share it in the comments below, or on Social Media?

* APRA Annual Superannuation Bulletin 2013
^ Moneysmart.gov.au 2012
Bridges Financial Services Pty Ltd (Bridges). ABN 60 003 474 977 ASX Participant. AFSL No 240837
This is general advice only and does not take into account your financial circumstances, needs and objectives. Before acting on this advice you should consider the appropriateness of the advice taking into account your own objectives, financial situation and needs or seek advice from a financial planner and tax advice from a registered tax agent. Information is current at the date of issue and may change. Before you make a decision about whether to acquire a financial product you should obtain and read the Product Disclosure Statement (PDS). Part of the IOOF group.
In referring members to Bridges, the Greater Building Society does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives.

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