Like your savings, every contribution to your superannuation matters. Small changes today can lead to compound benefits over time. These five steps are designed to help you take control of your super, build your wealth and secure a stronger financial future and retirement.
5 steps to sorting out your super
ARTICLE
1 September 2025
3 min read
3 min read
Looking to grow your super? Here are 5 easy steps to help you take control.
1. Review your super fund
Not all super funds are created equal. Take time to compare fees, performance, insurance cover, and member services. With living costs rising, high fees can eat into your long-term returns. Use the ATO’s YourSuper comparison tool to see how your current fund stacks up.
2. Consolidate your accounts
Got more than one super account? You’re not alone. Multiple accounts can mean duplicated fees and insurance premiums. Consolidating your super into a single account can save you money and make it easier to manage. Just check first for any exit fees or insurance cover you might lose before switching.
3. Investments are like people – you've got to find the right ones for you
Your super fund likely offers a range of different investment options, and choosing where to invest your money can make a real difference over time. Selecting the option that best suits your age, goals, and risk tolerance can help your super work harder for you. For example, if you're younger, you might benefit from higher-growth options, whereas if you're nearing retirement, lower-risk investments may be a better fit. Reviewing your investments every few years is a simple but vital way to ensure your super is working to meet your needs as your life changes.
4. Nominate your beneficiary
While it’s not always an easy thing to think about, nominating a beneficiary for your super (and any insurance attached to it) is a simple way to ensure your money goes directly to the people you choose if you pass away. Putting plans in place and nominating a binding beneficiary now can help provide your loved ones with peace of mind and avoid extra stress later on.
5. Every contribution counts
Every little bit adds up. Making small, voluntary contributions, when possible, can add up over time thanks to the power of compound interest. Plus, some low and middle-income earners may be eligible for a government co-contribution. Consider setting up automatic contributions, even if it’s just a small amount each month. To ensure these meet your annual contribution limits, visit the ATO website.
Whether you're just starting out or getting closer to retirement, superannuation never stops mattering. But you don’t have to navigate it alone. Our financial planners are here to help you plan, navigate and reach your goals. Whether you’re looking for a new fund or don’t know where to start, we're just a call away.
Staff Writer
Staff writers come from a range of backgrounds including health, wellbeing, music, tech, culture and the arts. They spend their time researching the latest data and trends in the health market to deliver up-to-date information, helping everyday Australians live healthier lives. This is general information only and is not intended as medical, health, nutritional or other advice. You should obtain professional advice from a medical or health practitioner in relation to your own personal circumstances.
Disclaimer:
Copyright © 2025 AIA Australia Limited (ABN 79 004 837 861 AFSL 230043). This is general information only, without taking into account factors like the objectives, financial situation, needs or personal circumstances of any individual and is not intended to be financial, legal, tax, medical, nutritional, health, fitness or other advice. The source information of the articles is current as of the date of publication and may be subject to change. While the information contained herein is believed to be accurate, AIA Australia expressly disclaims any and all liability for representations or warranties, expressed or implied, contained in, or for omissions from, the information.
Copyright © 2025 AIA Australia Limited (ABN 79 004 837 861 AFSL 230043). This is general information only, without taking into account factors like the objectives, financial situation, needs or personal circumstances of any individual and is not intended to be financial, legal, tax, medical, nutritional, health, fitness or other advice. The source information of the articles is current as of the date of publication and may be subject to change. While the information contained herein is believed to be accurate, AIA Australia expressly disclaims any and all liability for representations or warranties, expressed or implied, contained in, or for omissions from, the information.
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