NGS Super highlights five key life stages where specialist guidance can help optimise your super, investments and insurance.
Superannuation is one of the most important financial assets many Australians will have. But because it often sits in the background while you’re working and saving, it can be easy to overlook the decisions that shape how it grows over time.
Speaking with an NGS Super Specialist can help you understand your options and make more confident decisions about your super. These conversations are complimentary and can address specific questions about super, investments or insurance.
So, when is the right time to reach out?
Here are five common situations where speaking to a Super Specialist could help.
1. When you’re starting your first job
Your first job is when you start building your super savings. While it may seem like a long way from retirement, the decisions you make early on can have a significant impact over time.
A Super Specialist can help you understand:
- how super contributions work
- what investment options are available and
- how your super can grow over the long term.
Contributions or investment decisions made early in your career can compound over time, so it can be valuable to understand how super works from the beginning.
2. When you change jobs or want to consolidate your super
Starting a new job is also a great opportunity to review your super savings, how it’s set up and what your goals are.
It’s common to accumulate multiple super accounts across different jobs. Having several accounts may mean paying multiple sets of fees.
A Super Specialist can explain:
- how to find your other super accounts
- why consolidating your super may benefit you and
- what to consider before transferring balances.
You can also check if any insurance attached to an existing account may be affected before you consolidate.
3. When you want to review your investment options
Most super funds offer a range of investment options, from conservative to higher-growth strategies.
Over time, your risk tolerance may change. Speaking to a Super Specialist can help you better understand:
- how different investment options work and
- how investment choices may affect long-term retirement outcomes.
A conversation can also help you understand whether your current investment option still aligns with your long-term goals. Learn more about investing in super.
4. When you want to understand your insurance in super
After joining NGS Super, most members can choose a default level of insurance cover or wait until they become eligible to automatically receive this cover. Choosing to be insured can provide you with a safety net for life’s most challenging times.
A Super Specialist can help explain:
- what type of cover you have
- how premiums are paid through your super and
- how to review or adjust your cover to suit you.
Understanding your insurance can help ensure it continues to suit your circumstances as your life and responsibilities change.
5. When you’re preparing for retirement
As retirement approaches, decisions about your super become more immediate and important.
A Super Specialist can help you understand:
- how your super balance may support your retirement income
- options for drawing an income and
- what steps to consider as you get closer to retiring.
Starting these conversations several years before retirement can help you plan with greater clarity.
Making the most of your super
Your super is designed to support you later in life, but understanding how it works today can help you make more informed decisions along the way.
Speaking with a Super Specialist can be a helpful way to get answers to your questions and better understand the choices available.
Book your complimentary chat with an NGS Super Specialist today.
This information 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 and specified financial products are issued by NGS Super Pty Ltd ABN 46 003 491 487 and AFSL 233 154.
