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Money worries can affect the wellbeing of many QSuper Members. Here are some of our top concerns, and the ways that those concerns can impact our day to day lives.
Approximately three-quarters of QSuper members living in Queensland (75%) questioned as part of a QSuper survey on financial wellbeing1 in 2017 admitted that their household can’t save as much as they would like to. For many, this translates into worry about day to day finances, as well as uncertainty about having enough set aside for retirement age.
Perhaps not surprisingly, most common financial concerns of those surveyed do differ across age groups, as follows:
Concerningly, these various stress factors can eat into daily activity. On average the 39% of survey respondents who admitted to worrying about their finances during their workdays spend just over three and a half hours a week in a state of worry – which cannot be good for overall wellbeing.
The good news is that the majority of the QSuper survey respondents reported having taken positive action over the past year to understand or improve their finances. Almost four in five have reviewed their household budget and 84% have reviewed their household financial transactions.
QSuper offers online resources to help you with day to day budgeting, as well as longer-term planning. QSuper’s Budget Planner calculator can help give QSuper members confidence keep track of what their money is being spent on. And you can check your financial fitness with Wealth iQ. In just a few minutes, QSuper's Wealth iQ can discover the areas that you feel confident in - and some that you may want more control of.
QSuper members also have access to financial advisers for tailored advice to help get all your money working harder for you.2
As a QSuper member, you have access to professional financial advisers2 who can tailor advice to suit your needs.
Find out more
1. Survey of 4,564 QSuper members conducted on behalf of QSuper by Colmar Brunton. Conducted 6-27 June 2017.
2. Advice fees may apply. Refer to the Financial Services Guide for more information.
This information is provided by QInvest Limited (ABN 35 063 511 580 AFSL and Australian Credit Licence 238274) which is ultimately owned by the QSuper Board (ABN 32 125 059 006 AFSL 489650) as trustee for QSuper (ABN 60 905 115 063). QInvest is a separate legal entity responsible for the financial services and credit services it provides. Advice fees may apply.
Unless we tell you otherwise, all products are issued by the QSuper Board as trustee for QSuper.
We’ve put this information together as general information only so it doesn’t take into account your personal objectives, financial situation, or needs. You should consider whether the product is appropriate for you by reading the product disclosure statement (PDS) and consider seeking financial advice before making a decision. You can get a copy of the PDS by downloading a copy from our website at qsuper.qld.gov.au or call us on 1300 360 750.
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