A Checklist for getting your Super sorted.

I’ve posted plenty of information recently in relation to superannuation and there’s no doubt that it can be a little confusing.  I thought it might be useful to put together a quick checklist that you can run through in 5 minutes and identify whether or not your super is on track.

Do you know where your super is?  Yes ¨    No ¨

Is your employer paying you your superannuation guarantee payments?  Yes ¨      No ¨

The current rate is 9.5% of your income payable quarterly on 28 Oct, 28 Jan, 28 Apr & 28 July.

You should have just received a payment, did you?

Can you log in on line and check your current balance?  Yes ¨   No ¨

Is your superannuation invested appropriately based on your time horizon

and investor profile?  Yes ¨     No ¨

Do you receive regular communication from an adviser to help with your investment decisions?  

Yes ¨   No ¨

Have you completed a review of your insurances within superannuation?  Yes ¨   No ¨

Do you know what fees you’re paying?  Are you getting value for money?  Yes ¨ No ¨

Does your current fund have your tax file number recorded? You could be paying more tax on contributions than you should be. Yes ¨    No ¨

Do you have a binding death nomination in place? If something happens to you, your super funds should go where you want them to.  Yes ¨  No ¨

Has your super fund performed a “lost super” search for you?  You may have more super than you think!  Yes ¨    No ¨

If you answered “No” to any of the above, you should make the time to review your superannuation. 

For the majority of people, superannuation can’t be accessed until age 60 which means that getting things right isn’t really a top priority.   “I’ll worry about it when I’m older” is a common theme.  Setting up your super correctly now will make a huge difference to the end result.

I am always available for a coffee and a chat to look over your latest Super statement with you. My details are on this post to make a time to meet up.

You or people you know maybe interested to join my Pizza Business after hours this month?  An informal gathering to meet me and to bring you up to date with useful information on your Super and how you could be making it work harder for you. Interested?  Click here to see more details. 

Andrew O’Brien and Hindsight Group Pty Ltd t/as Hindsight Wealth Pty Ltd (ABN 88 168 442 528) are Authorised Representatives of Synchron AFS Licence No 243313.  Andrew O'Brien. FINANCIAL ADVISER. P 07 3852 3025  M 0403 156 625  E andrew@hindsightwealth.com A Suite 4 / 30 Florence Street, Newstead QLD 4006. View our Privacy Policy here.