So how do you make your super work hard for you so you can achieve your goals? Here are some steps you can take to maximise your super.
Boost your super
Putting extra contributions into your super is the best way to grow your super. The earlier you start the better, but even if you're starting late in life you can still have a positive impact on your final balance.
Start making contributions from your pre or post-tax salary today.
Use our pre-tax vs post tax contributions calculator to compare these contribution types and see the impact on your take home pay.
Draw from your super while you're still working
If you've reached your preservation age and are still working, a Transition to Retirement income stream could work for you. You contribute as much as you can to super pre-tax (there are limits on how much you can contribute before extra tax may apply) and top up your income from a tax effective retirement income stream.
Make the most of super tax savings
Super provides a range of tax incentives which makes it an attractive form of savings. Understanding how you can benefit from the tax benefits of super can help you achieve your goals.
Choose the right investment option
How your money is invested can have a big impact on your final outcome. Choosing an option that suits your comfort for risk and return is important.
Need help maximising your super?
At TelstraSuper we’re here to help you build a secure financial future. TelstraSuper Financial Planning that has a team of phone based Advisers who can provide you with simple advice to help you maximise your super. If you’d like to discuss some strategies to grow your super or if you have any other financial advice queries contact us on 1300 033 166 or fill in our online contact form. There's no additional cost for our phone based service as this is included in your TelstraSuper membership.Online contact form