Open for Inspection: Your Super
Super’s a lot like property – the more attention you give it, the more likely it will grow.
Below are 4 simple things you can do today that could help improve your super and make a noticeable difference to how you retire.
1. Check your contact details: It doesn’t sound important, but if you can’t be contacted when legislation changes, you might miss out on important information. When it comes to email addresses, our tip is to supply your personal email address rather than your work email, that way your super fund can continue communicating with you even when you move jobs. Login into your account and update your details and communication preferences.
2. Investment option right for you? You should choose where your money is invested, and be comfortable with your level of risk. Tools such as risk profile quizzes will help you understand which investment options might be right for you and your circumstances.
We understand it’s a volatile time for financial markets at the moment, but try not to panic and remember what goes down must come up. Call our helpline 1300 13 44 33. They can help you select investment options that you are comfortable with.
Did you know one of the ways REI Super supports the real estate industry is by investing in unlisted properties? Unlisted property assets are those investment assets that are not included in portfolios listed on the stock exchange. They are generally not readily available to individual investors. Read REI Super’s latest unlisted property investment update.
3. Give your super a boost: Things might be challenging now, however as your situation changes you might want to consider boosting your super by making extra contributions. Whether you make a before or after-tax contribution, any amount can make a big difference to your retirement.
4. Are you properly covered? As life changes, it’s important to regularly review your insurance to ensure that you still have the right level of cover. Most super funds usually provide Death, Total & Permanent Disability (TPD) and Income Insurance cover. REI Super services the real estate industry by offering a unique Income Protection Insurance type which caters for the predominantly commission based industry.
If you have accessed your super early, and your balance is now less than $6,000, or has been inactive for 16 months it’s likely that you have lost your insurance. Check your account status today, and if you want your insurance cover to remain ensure that you opt-in to keep your cover.
Getting on top of your super is really important. So, as we start to reopen our businesses and lives, take some time to review your super account. A few small changes now can make a big difference to your future.
Not a member of REI Super? It’s easy to switch to REI Super so now anyone can join.
Disclaimer: In presenting this information REI Super has not considered any individual person’s objectives, financial situation or particular needs. Individuals need to consider whether the advice is appropriate in light of their goals, objectives and current situation. Members should obtain and read the Product Disclosure Statement for REI Super before making any decisions and consider talking to a financial adviser before making an investment decision. Past performance is no indication of future performance.
This information has been prepared and published by REI Superannuation Fund Pty Ltd ABN 68 056 044 770 RSE L0000314 AFSL 240569. REI Super ABN 76 641 658 449 and RSE R1000412 MySuper unique identifier 76641658449129 for the general information of members of REI Super.
Although REI Super makes every reasonable effort to maintain current and accurate information, you should be aware that there is still the possibility of inadvertent errors and technical inaccuracies. The REI Super Helpline and the REI Super website are provided by Mercer Outsourcing (Australia) Pty Ltd ABN 83 068 908 912 and Mercer Financial Advice (Australia) Pty Ltd (MFA) ABN 76 153 168 293, Australian Financial Services Licence (AFSL) #411766. June 2020.