Super advice for any stage of your career
Whether you are starting out or winding down, how you manage your retirement nest egg is vital.
NGS Super is a leading industry fund for staff in non-government education. It has been helping people with their super for over 35 years.
Here, NGS super offers some guidelines for each stage of your working life.
The 3 steps someone new to super should consider:
1) Bring your super into one fund.
If you’ve had more than one job, it’s likely you have more than one super account. If you have more than one super account, you could be paying multiple administration fees. Another downside is that it can be harder to keep track of how much super you have. Finally, you could be making things harder for yourself by receiving communications from multiple funds.
It may make sense to bring all your super savings into one account. It’s easy to do. If you're a member of NGS, you can consolidate your super through Member Online. There is an easy-to-follow video to show you how easy it is to do. You can also use the government’s tool.
Top tip: Before you consolidate your super, make sure you consider the impact it may have on your benefits, including any insurance.
2) Get super savvy.
There are many ways you can improve your super savings. You don’t have to spend hours at courses or anything like that because there are easy ways to learn more – you can do it on your daily commute, on a walk or at the gym. Here’s some options:
Watch a free webinar - It’s a great way to learn about a variety of topics from experts in a simple and easy to follow way. Join an NGS webinar
Follow us on socials - NGS shares information, tips and insights regularly.
Read a little to supercharge your knowledge. NGS has a range of articles and factsheets about super and money that will let you learn at your own pace and revisit at any time. Here are their fact sheets and articles. You can follow NGS on Instagram, LinkedIn and Facebook.
3) Chat with a free Super Specialist.
We strongly recommend booking a free one-on-one session with an NGS super specialist. No question is a bad question when it comes to it comes to your money, super, investments, or insurance. So having a conversation with an expert can help you feel confident about the decisions you make about your money and the future.
Super advice for those approaching 60 years of age
Understanding your financial goals may help determine how you choose to invest your super. This is also known as an investment strategy. In short, your super fund will invest the money that goes into your super savings account on your behalf with the aim of making you more money. Your super may go up or down in value over time depending on various factors including investment markets, and the way you choose to invest your super will impact your super savings. NGS has a range of investment options – both pre-mixed and sector-specific – to suit various investment goals, timeframes and risk tolerances. Rest assured that if you are not sure which option to choose, we will automatically invest your super in our diversified investment option, which has a track record of performance in line with its objectives.
Three things to remember about super at any age
1. Consider consolidating your super. Consolidating your super into one account can set your super up for success. Be sure to check your insurance cover before consolidating so you don’t lose any benefits. Consolidate your super.
2. Check your insurances. Most members have Death and Total and Permanent Disablement (TPD) cover and Income Protection cover. We can help you with your cover and see if you are eligible for NGS Insurance Select or Plus. Find out more about your insurance.
3. Review your investments. You can’t control the ups and downs of the investment market, but you can control how you invest your super. Talk to us about investment choices and determine which strategy is best for you.
DISCLAIMER:
This is general information only and does not take into account your objectives, financial situation or needs. Before acting on this information, or making an investment decision, consider whether it is appropriate to you and read our Product Disclosure Statements and Target Market Determinations. You should also consider obtaining financial, taxation and/or legal advice tailored to your personal circumstances before making a decision. This information has been issued by NGS Super Pty Ltd ABN 46 003 491 487 as trustee of NGS Super ABN 73 549 180 515, RSE Licence L0000567 and AFSL 233 154.
Past performance is not a reliable indicator of future performance. Please read our Product Disclosure Statements and Target Market Determinations before deciding if this product is right for you.
Call us on 1300 133 177 if you would like to speak with us further, or you can discuss matters with one of our NGS Super Specialists, or an NGS Financial Planner.