WELCOME TO OCTOBER 2025
Super Newsletter
Annual Superannuation Statement: make time to review your retirement strategy As annual superannuation statements are issued, this is an ideal time to reflect on the structure and performance of your retirement savings. These statements provide more than a snapshot of your current balance; they offer a valuable opportunity to ensure your superannuation arrangements remain aligned with your financial goals and personal circumstances.
Key Considerations for Review Insurance Cover - Your superannuation may include default insurance such as life and income protection. It is important to assess whether this cover remains appropriate. Life events, such as starting a family, purchasing property, or changing employment, may warrant a review of your insurance levels to ensure they reflect your current needs.
Investment Performance - Review your fund’s investment returns and compare them with industry benchmarks. Even modest differences in performance can have a significant impact over time. For example, a 0.7% increase in annual returns could result in over $150,000 in additional savings across a working lifetime (based on a 42year working life, superannuation guarantee contributions only and a starting salary of $70,000). Contribution History - Confirm that employer contributions have been correctly paid and reflect the current Superannuation Guarantee rate of 12%. You may also wish to consider whether additional voluntary contributions could help accelerate your progress toward retirement goals. Nominated Beneficiaries - Ensure your nominated beneficiaries are up to date and reflect your current intentions. This is particularly important following major life changes such as marriage, divorce, or the birth of children.