Your super account: 5 actions to take
01 June 2020
5
min read
As a profit-for-members super fund, we want to ensure you’re getting the most out of your super. Below are five actions you could take today to help you feel more in control of your future.
In the same way as you can keep track of your bank account details, you can also keep track of your super account. Log in Member Online to keep on top of detailed information about the transactions made on your QSuper account during the year.
This includes how much you and your employer have contributed, fees and insurance premiums that have come out of your account, and any money you’ve rolled in from other super funds.
If you’re employed, check to make sure you’ve received regular contributions from your employer. If you’re topping up your super with salary sacrifice or voluntary contributions, make sure they’re in there too.
There is billions of dollars in unclaimed super. Could some of it be yours? It's easy to find and combine your super online1. You can simply:
- Log in to myGov - Log in to your myGov account, click on 'ATO', then 'Consolidate super'
- Choose which accounts to combine - You'll be able to see details of all your super accounts, including any you've forgotten about
- No paper forms required - There are no paper forms to sign or mail in. You can complete the entire process in myGov.
Choosing the right investment option for you can make a big difference to your retirement lifestyle. If you’re unsure, accessing financial advice might help you decide on the right investment options for you.
To find out more about QSuper’s investment strategy and philosophy, you can watch QSuper’s Chief Investment Officer, Charles Woodhouse, explain how QSuper’s long-term investment strategy is designed to weather the ups and downs of market conditions.
Accumulation account members have peace of mind knowing their super can include death and total and permanent disability cover and income protection cover2. One in three QSuper members will make an insurance claim in their lifetime3. If you need to make a claim, we aim to make the process as simple as possible.
Try our insurance needs calculator.
Check your estate planning is up to date. You can choose who receives your super when you pass away by making a binding death benefit nomination. Find out more about binding death benefit nominations. Complete your Binding Death Benefit Nomination in Member Online and send it to us.
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1. Before you consolidate your super, you should check with your other super funds about any fees or loss of insurance or other benefits.
2. Subject to eligibility
3. QSuper’s analysis shows 36.8% of members who spend their whole working lives with QSuper are expected to access their insurance benefits before retirement. This includes 2.6% who die, 11.5% who become totally and permanently disabled before the age of 65 and 22.7% who are temporarily disabled from working, for a significant period, at some stage.