Login, monitor your balance, and check that you get what’s yours

 It’s important you keep an eye on the contributions your employer is making into your super fund. Even when you’re working in a casual job, your boss must pay 11.5% of your salary into a super fund that you’ve chosen to go with. Key point: a fund that you’ve chosen. Even if you’ve elected to go with a fund that your employer offered or suggested, you can change to a new one and rollover your balance at any time*. And be sure to rollover. Multiple funds means more fees. Avoid.

It’s your job to log in your account to check that your super guarantee is being deposited in your account – giving you what’s yours. Your employer should be making the contribution at least every three months.

Independent operator? You’re in charge

If you’re a freelancer, gig-worker, or contractor, you’re the judge, jury and executioner of your own super. In addition to putting enough of your income away for tax time, you’ll also have to be diligent and disciplined in keeping up with regular super contributions so you don't fall behind. It can be tempting to hold onto the full amount quoted on an invoice, however, it can be tough to make up for it later on. A bit now makes a massive difference later.

Choosing a fund

Nearly five million Aussies are with an Industry SuperFund. Industry funds are run only to profit their members and have a history of above average investment returns^. Industry funds’ fees are also usually on the lower side compared with retail funds, and this is important as high fees can eat away at your balance pretty quickly, especially if you work casual or part-time. You can check out all of the Industry SuperFunds here.