What are you on track for?

Figuring out your expected retirement income can be your first challenge when planning for retirement – but we can help! Our handy Telstra Super Simulator is a great way to find out what you might be on track to save.

Try our Telstra Super Simulator

• viaSuperOnlineatwww.telstrasuper.com.au/superonline (prepopulates with your personal details)

• onourwebsiteviawww.telstrasuper.com.au/Simulator (you enter in your personal details).

Once you know your estimated financial position in retirement, it’s time to think seriously about what you may need to do to keep your super savings on track.

What will you need, and for how long?

Lifestyle is a very personal thing – one man’s caravan is another man’s Concorde. To get an idea of how modest and comfortable living expenses might add up, consider looking at the ASFA Retirement Standard – a handy budget guide for retirees in their 70s and 90s.

Retirement – how much will you need?Retirement may be on the horizon for you or it may be far in the distance. You may want to work as long as possible or retire at 40. Either way – can you afford it?

It’s also important to think about this: life expectancy for Australian men is currently 79.7 years old and 84.2 years old for Australian women1. Will you have enough money to last?

The key is to think realistically about:

• whatyou’reontracktoreceive

• whenyouwouldliketoretire

• whatyourlifeexpectancyis

• whetheryoursupercansupportyouforlong enough.

What if I want to keep working?

Great – if you want to, work for as long as you can! This will allow you to keep saving more for when you do finally retire.

Planning is the key

Unfortunately, the fact is that as we enter advanced age, our bodies often become less able to handle the rigours of work, so even if you have the will to keep going, you may not have the ability; and what then?

It’s never too early or too late to start preparing to ensure you’ll be comfortable either way.

1 Life expectancy, www.aihw.gov.au/deaths/life-expectancy Australian Institute of Health and Welfare

Your retirement

savings

Yourretirement

income

Livingexpenses

Is your estimated retirement income enough to support your current lifestyle?

Years inretirement

APRIL 2015 | VOLUME 19 | ISSUE 1

Telstra Super Pty Ltd ABN 86 007 422 522

We have now introduced online super account consolidation, which makes bringing all your super under one roof easier than ever!

Around 45%* of Australians have more than one super account and each has its own set of fees which, over time, can erode away your savings. Consolidating your external super accounts to your Telstra Super account means you will pay just one set of competitive fees to an expert fund to look after your super. Plus, having just one account makes it easier to keep track of your savings. 

There are three things that have to happen before you can consolidate your super online:

1. Provide your consent for us to use your Tax File Number (TFN) to search Australian Tax Office (ATO) records for lost and multiple super accounts on your behalf (you can do this at www.telstrasuper.com.au/consolidate)

2. Register for SuperOnline (if you haven’t already, you can do this at www.telstrasuper.com.au/register)

3. Make sure we have your email address (if you haven’t already – you can do this in SuperOnline or at www.telstrasuper.com.au/email)

Done? Here’s how things will play out from here!

If you have any questions about consolidating your super, please call us on 1300 033 166 between 8.00am and 5.30pm (Melbourne time), Monday to Friday.

Now you can consolidate your super online

No worries –you can do it online!

Simply visit www.telstrasuper.com.au

/consolidate

Fantastic!

You are now on trackto consolidate online.

We'll search ATO recordsfor super accounts in your

name and send you anemail with the next steps…

No Yes

We will let you know.Further searches will be run each year to ensure you remain

up-to-date.

If there were noexternal matches...

Consolidation is easy! Simply log in to

SuperOnline andfollow the prompts. We'll let you know

when the consolidation is complete.

If you haveexternal

super accounts...

We send you an email with the steps you can

take to access the money and have it transferred to your

Telstra Super account if you choose.

If you havesuper money held

by the ATO...

Have you provided us with your consent tosearch ATO records using your TFN?

* Super accounts data overview, Australian Tax Office, www.ato.gov.au 3 Feb 2015Page 2

Are you one of the 54%1 of Telstra Super members who have not told us who should get your super savings when you die?

We understand this isn’t the nicest topic but it’s exceptionally important – you can and should indicate who gets your super savings and any associated insurance cover you have directly through Telstra Super by nominating a beneficiary.

Why it’s important to nominate a beneficiary

Nominating your beneficiary(s) can help us determine who should receive your benefits in the event of your death. And, more importantly, it provides financial security and peace of mind for your loved ones.

Who can you nominate?

Superannuation law doesn’t allow you to nominate whoever you wish; the person(s) you can nominate as a beneficiary, in the event of your death, must be any one or more of the following:

• spouse(includingdefactoandsamesex)

• yourchildrenincludingsteporadopted(the definitions of ‘child’ differs when nominating a reversionary beneficiary, please refer to the Telstra Super RetireAccess PDS)

• anyperson(s)financiallydependentonyou

•anypersonwithwhomyouhaveaninterdependent relationship

•yourlegalpersonalrepresentative(theexecutor or administrator of your estate).*

How to nominate a beneficiary

First, check SuperOnline or your last Super Statement to see if you have nominated a beneficiary.

To make a binding or non-binding nomination

You will need to complete a Nomination of Beneficiaries form confirming the name of your beneficiaries and the percentage of your benefit to be paid to each person. You can also make a non-binding nomination in SuperOnline.

To make a reversionary nomination

Reversionary nominations are only available for members starting a new Telstra Super RetireAccess income stream; please see our website for more information.

Find out more today

You can find out more about nominating beneficiaries by visiting www.telstrasuper.com.au/beneficiary

Have you told us who should get your super when you die?

1 Calculated using Telstra Super membership data as at 1 October 2014.

* Please note this is not available for reversionary nominations.

Did you know?Superannuation does not automatically form part of your estate when you die.

Page 3

If you don’t know how to plan for the retirement you want, a Telstra Super Financial Planning Adviser may be able to help! Give them a call on 1300 033 166 between 8.00am and 5.30pm (Melbourne time), Monday to Friday or visit www.telstrasuper.com.au/advice for more information.

This year brings some changes to Moving Forward – you may have noticed it’s a little shorter! We are always looking at new ways to improve the way we keep you updated with important information about your super.

To ensure you get the information you need in a more convenient way, subscribe to 10 dots, our monthly online newsletter.

Visit www.telstrasuper.com.au/subscribe for more information.

Changes to Moving Forward

Need a helping hand?

This magazine has been prepared by Telstra Super Pty Ltd, ABN 86 007 422 522, AFSL 236709, the trustee of the Telstra Superannuation Scheme (Telstra Super), ABN 85 502 108 833. PO Box 14309 MELBOURNE VIC 8001, Telephone 1300 033 166 © Telstra Super Pty Ltd, April 2015 The information contained in this publication is correct as at April 2015 and may change in the future. This information is general advice only and does not take into account your individual objectives, financial situation or needs. Before acting on any advice you should assess whether it is appropriate for you and consider talking to a financial adviser. Before making any decision about acquiring any product, you should obtain and review its Product Disclosure Statement by calling 1300 033 166 or visiting www.telstrasuper.com.au. Telstra Super Pty Ltd does not recommend that any member make a decision concerning superannuation arrangements based solely on this publication. References in this document to Telstra Super Financial Planning are references to Telstra Super Financial Planning Pty Ltd (ABN 74 097 777 725). Telstra Super Financial Planning Pty Ltd is a legal entity separate to Telstra Super Pty Ltd. Telstra Super Financial Planning Pty Ltd is a licensed financial adviser (AFSL 218705) and is able to provide financial advice about Telstra Super products to members of Telstra Super. Telstra Super Pty Ltd does not endorse or accept responsibility for the information or advice provided by Telstra Super Financial Planning Pty Ltd. The investment returns from any Telstra Super product are not guaranteed. ® is a trademark in Australia of the Telstra Corporation Limited.

Call

1300 033 166

8.00am to 5.30pm (Melbourne time) Monday to Friday

Web

www.telstrasuper.com.au

Email

contact@telstrasuper.com.au