Your money,your lifeA financial guide to help you make the most of it

Your online money toolkitMoneySmart is an initiative of the Australian Securities & Investments Commission (ASIC) that offers lots of easy-to-use tools to help you make the most of your money.Visit moneysmart.gov.au

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When it comes to managing money, are you on track ?page

1 Everyone’s financial journey is different .........4No matter where you are in life, it’s important to be financially prepared.

2 We can help ........................................................6Sometimes, the financial help you need is really just the answer to a question. And it’s easy to get help through AustralianSuper online, over-the-phone or in person.

3 How much are you worth ? ...............................9You’re worth a lot more than what’s in your bank and super accounts. Take stock of all your assets to get a clear picture of the real gap between where you are now and where you want to be when you finish work.

4 How much more do you need ? ......................10Need a new car ? Planning a holiday ? Want to buy a holiday house or renovate ? The first step is to track where your money goes and find a little extra to fund the dreams.

5 Build wealth, not debt .....................................14Debt isn’t always a bad thing. The key is knowing the difference between ‘good’ and ‘bad’ debt.

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6 Things won’t always go to plan .....................16Time off work if you’re injured can have a big impact on your cash flow. The good news is that as a member of AustralianSuper, even if you don’t have insurance, it’s easy to get quality cover online or over the phone.

7 Tax-effective investing .....................................20Investing is about putting your savings to work. And if your timeframe is long enough, tax-effective investing can help you build wealth efficiently.

8 Be super smart .................................................23For most people, apart from the family home, super is their biggest financial asset. And it’s often the best way to achieve a comfortable retirement.

9 Getting personal advice ..................................25Meeting with a financial adviser could be one of the best decisions you make to plan for retirement.

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1 Everyone’s financial journey is different

* The financial advice you receive over the phone or in person will be provided under the Australian Financial Services Licence held by a third party, not by AustralianSuper Pty Ltd (AustralianSuper), and therefore will not be the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.

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› Choose a super fund for life

› Start a budget

› Set savings goals

› Invest for the long term

› Pay off personal, study-related or credit card debt

Friendships/working/ move out of home

Start job

Travel/hobbies

Financial life stages

No matter where you are in life, it’s important to be financially prepared.You might be wondering why a super fund is talking to you about managing money. As one of Australia’s largest super funds, we have a lot of experience in managing and investing money.That’s why we put together this guide – to help you retire with more and enjoy life’s journey on the way.

We explain simple money principles, like how to budget and achieve savings goals. We’ll show you how you can manage credit, work out what you’re worth, help make your money grow and plan for the unexpected.

And if you need more help, there are lots of ways to get advice – online, over the phone or in person *.

It’s your money and your life – make the most of it.

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40 50 60

› Combine your super

› Start investing for wealth creation

› Check you have enough insurance

› Keep credit under control

› Make a Will, or update your Will for life events like marriage, children or divorce

› Clear up debts

› Build up your retirement savings

› Review your Will

› Think about a career change or working part-time

› Build up your super

› Pay off your mortgage

› Plan for retirement

Buy house or investment property

Marriage/children

Job promotion or back to work

Kids start school Kids leave

home

Separation/ divorce

Renovate or upgrade home

Work part-time

Right now, you‘re probably at the peak of your earning potential. Life may be busy with a family and more responsibility at work. You may have debts to pay off and assets to protect. So now is the time to think about what you want to achieve in the next one, five or ten years.Goals like paying off your home, travel, a career change or even working part-time. By setting goals, you’ll find saving and good money habits come naturally.

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Website and online calculatorsOur website is an online resource at your fingertips, whenever and wherever you need help with your super. You can see how some of the examples used in this guide apply to your situation. Visit www.australiansuper.com and log on.

What do you get ?You’ll get answers and information tailored to your needs :

› Our Contributions Adviser calculator shows you how paying extra into your super could reduce your income tax, get you a government co-contribution payment, and help you retire wealthier

› Use our Retirement Income Calculator to find out how much income your super will provide in retirement and the steps you can take to increase it

› Most of us are under-insured. Review your insurance needs with our Insurance Calculator. Find out how much insurance cover you may need and how much it will cost.

Who does it suit ?If you prefer to do your own fact-finding, then our calculators are for you.

2 We can help

Want to manage your money better ?Sometimes, the financial help you need is really just the answer to a question. But you won’t know what you need until you start looking.

AustralianSuper offers simple financial help and advice options you can trust. You can do your own fact-finding using our website and online calculators, get over-the-phone super advice* or speak to a financial planner†.

*† For details see page 25.

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Speak to a financial planner†

(commission-free, fee-for-service)

A qualified financial planner can help you look at the big picture of your finances and make a plan to help you reach your goals.

They can help you with questions or issues like :

› Tax planning

› Investing inside and outside of super

› Managing debt

› Transition to retirement

› Making a Will and other estate planning.

Call 1300 300 273.

What do you get ?You’ll receive an information pack before your initial consultation that will run for about 1.5 hours. If you wish to continue with formal advice, your financial planner will prepare a full financial plan outlining fees and all recommendations. You can also get your financial planner to implement the strategy for you.

A financial plan can be provided on a no-commission, fee-for-service basis. All financial plan costs will be determined by your advice needs and the complexity of advice to be provided as agreed up front with your adviser.

Who does it suit ?If you have more complex questions about your broader financial situation and you’re happy to pay a fee for comprehensive advice.

Over-the-phone super advice*A specialist team of superannuation advisers can speak with you over the phone about your super. They can help you with questions or issues like :

› Choosing an investment option

› How to add to your account

› Checking your insurance cover

› Tax-effective planning for retirement

Call 1300 300 273.

What do you get ?Advice on questions and issues related to your super, following by a written Statement of Advice, if necessary.

Who does it suit ?If you have specific questions about your super, retirement or insurance within your super, over-the-phone advice may be right for you.

*† For details see page 25.

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Want help* to plan for a comfortable retirement ? › log in so we know who you are and use our calculators to get instant advice online

› call us on 1300 300 273 and speak with our financial advice team, or

› meet face-to-face and get tailored advice from a qualified financial planner.

* For details see page 25.

Case study

Alain and Carolyn get advice – their own way

Alain and Carolyn are both aged 54. They want to visit family in Switzerland next summer (they plan to spend $25,000) and want to upgrade their car in two years’ time (about $30,000). Now that they’ve finished paying school fees, Alain is keen to put this extra money into super. He thinks he can contribute more as a salary sacrifice and save on tax, but he’s not quite sure how to begin.

Carolyn wants to start saving for their short-term spending goals but is not sure how much they’ll need to save.

Carolyn goes online

Carolyn logs on to ASIC’s Money Smart website at www.moneysmart.gov.au and downloads the Budget planner to work out how much she and Alain need to fund their holiday and other planned spending.

Alain gets help over the telephone

Alain calls AustralianSuper and learns that at age 55, he can start a transition to retirement strategy to boost his super and save on tax. Alain decides he would benefit from a face-to-face discussion and arranges an appointment. As the advice relates to his super, Alain can pay for it right out of his AustralianSuper super account†.

† You may be able to use some of your AustralianSuper super savings to pay for financial planning services relating to your AustralianSuper account only.

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Net worth worksheet Your net worth

Property & possessions Current value

Home

Other real estate (eg holiday home, time share)

Car(s)

Furnishings/jewellery/artworks/collectibles

Boat/recreational vehicle

Other

Total property

Financial assets Current value

Bank accounts

Superannuation

Individual shares and fixed interest bonds

Other investments (eg investment property)

Total financial assets

Liabilities Amount you owe

Mortgage

Other loans

Credit card(s)

Store card(s)

Other credit/debts

Total liabilities

Total property

Plus total financial assets +

Minus total liabilities −

Equals your current net worth =

3 How much are you worth ?

You’re worth a lot more than what’s in your bank and super accounts. Take stock of your assets and debts, then think about your goals.Use this worksheet to see if there are any gaps between where you are now and where you want to be when you stop working. If there are any shortfalls, these will have to be funded during your working life.

Prefer to do it online ?Go to www.moneysmart.gov.au and fill in the Your net worth calculator online.

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4 How much more do you need ?

Even if you’re still years away from finishing work, having enough to live comfortably in retirement is likely to be the major financial challenge ahead of you.A good starting point is to get your finances organised.What are your goals ?Setting goals helps you decide which spending is most important. Some spending, like paying for a renovation, may improve your lifestyle now and give you a more valuable asset to sell in the future. Similarly, investing in an asset to give you additional income when you stop working is another way to fund your retirement needs.

How long will you be retired ?To help you work out how much money you’ll need, you’ll have to estimate how long you think you’ll be retired. That depends on two things:

› how old you are when you stop working, and

› how much longer you’ll live.

You can’t know the answer to the second question, of course, but your current health and family history might give you some idea – as will these averages for your age group :

Source : Life Tables 2011–2013, Australian Bureau of Statistics.Not sure about investing ?Go to page 22 for tax-effective investing ideas.

Current age Life expectancy

Men

51–57 82

58–63 83

64–68 84

Women

51–53 85

54–63 86

64–70 87

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Set your own comfort levelThe ASFA Retirement Standard provides an estimate of the amount of income you’d need to fund a comfortable retirement. This means having money to enjoy hobbies, go on local holidays and the occasional overseas trip as well as maintaining your home and car. Currently this estimate is $42,569 if you’re single or $58,444 for a couple.

Depending on what you’re used to earning (and spending), this estimate may not be right for you. Many financial planners suggest a retirement income of between 60% and 80% of your working income.

So how much will you need ?This depends on what you want to spend and how long your money needs to last. The table below provides a guide to how long your super could last before the Government Age Pension becomes your sole source of income. As at May 2015, the Age Pension* rate is $860.20 for an individual or a total of $1,296.88 for a couple.

Super needed for different incomes and timeframes

Annual income 10 years 20 years 30 years

$30,000 $69,000 $126,000 $178,000

$40,000 $159,000 $311,000 $491,000

$50,000 $254,000 $533,000 $868,000

$60,000 $355,000 $769,000 $1,182,000

* Including pension and clean energy supplements. Source: www.humanservices.gov.auSource: AustralianSuper, May 2015. Calculations based on a single male aged 65 receiving a single yearly payment indexed to Average Weekly Earnings of 3.5% a year. Assumes only sources of income are an income from a Choice Income account and any Government Age Pension and the only assets are super and own home. Super invested in the Conservative Balanced option with investment earnings equalling 2.5% CPI plus 3% a year net of investment fees and tax. No tax on investment earnings. Investment returns are not guaranteed as all investments carry some risk. Administration fees of $1.50 a week plus 0.11% of assets capped at $750 a year have been included in the calculation. Australian Life Tables 2011–2013 used to calculate the annual non-assessable deductible income for Age Pension purposes. All Age Pension rates, assets and income test thresholds are current as at 20 March 2015.

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Choosing the right bank can helpYour bank account is where your wages go – where you pay your bills and how you finance your dreams. So, it pays to choose the bank that’s right for you.

Comparing banks. Know what you’re looking for.Ai’s children have grown up and she’s thinking about selling the family home and moving to a smaller property Ai’ decides to look at other banks to see if she can get a better deal.

Here are some things Ai’ considers before she does :

1 What are you really comparing ? Fees, interest rates, penalties, all of the above? Be clear on what you’re looking for.

2 Shop around Look directly at bank websites as well as comparison sites.

3 Make a shortlist No more than three – and then drill down into the detail. Compare the relevant product disclosure statements and other details on benefits and fees.

4 Ask questions Get a mobile banker to come to you and ask as many questions as you need to.

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Comparison websites. They’re not all they’re cracked up to be.Comparison websites are businesses that make money through sponsored links and commissions. Most comparison sites only cover a portion of the market, not the whole market. Just like manufacturers ‘buy’ space on supermarket shelves, financial product providers ‘buy’ the right to be compared on the website.

Remember too, the ratings and rankings are unique to each website – you should always compare rates on providers’ websites to be sure you’re comparing apples with apples.

AB

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5 Build wealth, not debt

Some debts are more useful than others. Credit card debt is expensive and can be emotionally as well as financially damaging.In the last 15 years*, credit card use has risen from around 9 million to almost 16 million and the amount of debt has quadrupled. At March 2015, Australians owed over $51 billion on credit cards – plus spent more than $20 billion on finance cards with an interest-free period.

It’s a good idea to think about clearing your debts as soon as you can. This may mean giving up some luxuries to put more towards repayments.

* RBA Credit Card and Charge Card Statistics, March 2015.

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Case study

If you owe $5,000 on your credit card and only make the minimum repayments, it would take you 33 years and to pay it off – longer than a mortgage.†

Benefit at retirement

$62,116

$56,569

John saves more in super than by paying off the mortgageJohn is 50 and has $200,000 left to pay on the mortgage. After a recent promotion, he can now afford to save an extra $250 a month from his after-tax pay. He wants to know whether he’d be better off putting this into the mortgage or using it to build up his super. John uses MoneySmart’s Super vs mortgage calculator and finds with the tax benefits of salary sacrificing, he’d be better off investing in super.

Why ? John will be $5,547* better off by the time he’s 65 by adding to super instead of paying extra into his mortgage.

$65,000

$60,000

$55,000

Putting extra money into super

Making extra mortgage repayments

Assumptions: Debt $200,000. Annual income $85,000. Loan period remaining 10 years, interest rate 6%. Investment earnings rate 6.5%. Super contributions are calculated using the best combination of before-tax and after-tax contributions, based on SG rate rising to 12% by 1 July 2019.

Please note : › Interest savings from making mortgage repayments are generally more stable than investment returns from super

› Putting money into a mortgage can be more flexible as you may be able to take that money back through a re-draw facility or by re-borrowing

› Consider levels of debt before making a decision about adding to your super.

* MoneySmart Super vs mortgage calculator, May 2015.† Calculation made using MoneySmart’s Credit card calculator.Both calculators are available at www.moneysmart.gov.au

John will be $5,547 better off at age 65 by investing the spare money into super.

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6 Things won’t always go to plan

If you were off work even for a short time through illness or injury, could you cope without your salary ?There are three key types of insurance everyone should think about :

1 Death cover, that pays your dependants or legal personal representative a lump sum if you die

2 Total & Permanent Disablement (TPD), that pays you a lump sum if you are unable to work again, and

3 Income Protection, that pays you a monthly benefit if you are unable to work through illness, injury or accident for up to two years.

How much cover do you need ?To work out how much cover you need, you might think about :

› any credit card, personal loans, or mortgage commitments

› medical expenses caused by illness or injury

› other costs, like private education or investment loans, and

› other income you could use to meet expenses while you’re off work.

Get insurance cover through AustralianSuperWhen you join AustralianSuper, most members receive Death and TPD cover based on their age. Most members also get some Income Protection.

It’s a good idea to check your level of cover, if any, with us – you may find you need more or even less cover depending on your situation.

Find out more about your insurance options in the Insurance in your super guide available at www.australiansuper.com/InsuranceGuide

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Case study

Being preparedNick is 43 and earns $72,000 a year, or $6,000 a month.

Following a water-skiing accident, Nick badly injures his back and is off work for six months. At the time, Nick had $3,000 income protection insurance, which he received when he joined AustralianSuper.

Based on his age and salary, Nick could have applied for additional cover of $2,500 a month. If he did, he would’ve got $5,100 a month instead ($4,500 as salary and $600 super) to help cover his living costs and keep up his super contributions.

Work out how much cover you needIt’s easy with our online Insurance Calculator at www.australiansuper.com/calculators

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Estate planningProtect what you’ve worked hard forIf you have a family and assets, having a current Will is vital. Other estate planning tools you might consider are powers of attorney and testamentary trusts.

Power of attorneyA power of attorney is a legal document that appoints someone of sound mind to act for you while you’re alive. There are four different powers – enduring financial, medical, guardianship and general. Below is a summary of how each power might be used.

General power : to oversee your financial affairs for a specific or fixed period, eg if you’re away on holiday.

Enduring financial or medical : to make specific financial or medical decisions if you’re no longer able to.

Enduring guardianship : make general decisions on your behalf if you are no longer able to.

Testamentary trustsA testamentary trust is a trust created by a Will. You might consider a testamentary trust if you want :

1 tax advantages so the capital can remain invested and the income can be distributed to beneficiaries in a tax-advantaged way, or

2 asset protection to keep assets safe for those who you want to benefit from them This can be important if you have children who are at risk of divorce, or to provide for a handicapped child.

Your Will and your superMany people believe their super will go to their beneficiaries in the same way as assets in their Will. This is not automatically the case, so it makes sense to tell us who you want to receive your super so we can take your wishes into account if you die.

You can do this in one of two ways :

Option 1: Binding nomination

With a binding nomination, we’ll pay your account to the individuals you nominate, as long as your nomination is valid and in force at the time of your death. Payment is normally a lump sum.

Option 2: Non-binding nomination

When you make a non-binding nomination, you’re telling us who you’d prefer to receive your account balance when you die, but your nomination is not legally binding on AustralianSuper. This means although we take your wishes into account, in the end we decide who to pay your pension to depending on your situation when you die. Payment is normally a lump sum.

For more information visit www.australiansuper.com/binding

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Make sure your assets go where you want them toJames is aged 49 years and is a computer analyst.

He has been married and divorced twice. He has one child, Adam, from his first marriage and two children from his second marriage.

James has sole responsibility for the private education of his children. Adam has a disability and needs full-time care.

How could testamentary trusts and binding super nominations help ?

1 Assuming James has life insurance cover outside his super fund, he could establish a Testamentary Discretionary Trust so, should he die prematurely, subject to the terms and conditions of the policy, the life insurance proceeds could be invested tax-effectively to cover ongoing education costs.

2 James could consider making a binding nomination in his super to provide for Adam’s ongoing care.

Case study

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7 Tax-effective investing

Investing is about putting your savings to work. If your timeframe is long enough, tax-effective investing can help you build wealth and save on tax.

What is tax-effective investing ?Tax-effective investing can help improve the after-tax returns of good investments in two ways :

› the costs of the investment can reduce the tax you pay on your income, and

› when you sell the investment, the tax you pay on the growth, or capital gain, is generally lower than the tax you would pay if you received it as income. This is especially true if you hold an investment for more than 12 months, as the capital gain for individuals is generally reduced by a 50% discount before it is taxed.

Most working Australians sit in the 32.5% tax bracket (plus Medicare levy). If you’re lucky enough to earn more, then the value of tax-effective investing could be even higher.

Tax-effective investing generally works best over the long-term, with long-term capital assets like property

and shares, that are generally favoured over assets like cash or fixed interest from a tax-effectiveness perspective.

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Different risks for different investorsInvestors face different types and levels of risk, which can vary depending on their investment timeframe, short and long-term needs and objectives, and other assets and investments.

If you’re thinking about investing, speaking with a qualified financial adviser is probably well worth your time and investment AustralianSuper offers you access to qualified financial advisers on a fee-for-service basis.*

Call us on 1300 300 273 for a referral.

Why are after-tax returns important ?After-tax income is the real measure of the return on your investment. It’s the money you’ll actually have to fund your lifestyle, now and in retirement.

Tax advantages come in many shapes and sizesInvestments can generate tax advantages such as tax offsets and tax deductions, like franking credits and depreciation.

Super is one of the simplest and most tax-effective investments available to all of us – with tax advantages as your super investment grows and when you retire.

Type of investment Tax advantages

Investment property Depreciation, deductible maintenance and ownership costs

Australian shares Franking credits

Superannuation 15% tax rate on income generated during accumulation and payments to you from super are tax-free after age 60

* See page 25 for more information about getting personal advice.

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Want greater control over your super ?Self-managed super funds have become increasingly popular with Australians who want more control over their retirement savings, but they come with hefty costs – around $10,200* a year.

With AustralianSuper’s Member Direct option, you can set up your own share portfolio within super and enjoy many of the features of a SMSF at a fraction of the cost.

Member Direct gives you control

The Member Direct option gives you direct control over how your super is invested and offers real-time online trading in a wide range of ASX-listed securities including Australian shares and exchange traded funds. You can also invest in term deposits.

Is it right for you ?

Of course, this level of control isn’t for everyone. You need to actively choose and monitor your investments, which can be time-consuming, and with the extra control comes risks, such as trading too often, not having a diverse range of investments and the potential to make investment decisions based on your emotions.

Before you decide to invest your super directly, we strongly recommend you call for advice on 1300 300 273.

To register, watch a video on how to trade or to read Your guide to the AustralianSuper Member Direct investment option, visit www.australiansuper.com/MemberDirect

* Estimated average operating costs in 2013, Self-managed super funds: A statistical overview 2012–2013, ATO Report December 2014.

The financial advice you receive will be provided under the Australian Financial Services Licence held by a third party, not by AustralianSuper Pty Ltd (AustralianSuper), and therefore will not be the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.

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Over 10 years

Without TTR strategy

$292,744

With TTR strategy

$307,230 $14,486 more

Source: AustralianSuper Transition to Retirement Planner, May 2015. Assumes TTR strategy commenced 1 July 2014 at age 55, super balance of $85,000. Investment earnings of 7% after investment fees and tax, salary growth 4%, CPI 3%, compulsory SG contribution rate of 9 5%, asset based fee of 0.11% of the pension account balance maximum $750 pa) and other assumptions as specified in the calculator. Final balances expressed in today’s dollars.

Yener transitions to retirement and ends up with $14,486 moreEarns: $68,000 Super balance: $85,000

Yener currently salary sacrifices $12,000 a year to super, but wants to see what impact a TTR strategy could have on his final super balance.

He uses our Transition to Retirement Planner and works out that his super balance could grow to $307,230 – an increase of $14,486.

8 Be super smart

Most Australians nearing retirement don’t have enough super.To help, the Government introduced a tax-saving super strategy called a transition to retirement (TTR).

To start a TTR strategy, you need to still be working and have reached your preservation age. Your preservation age is 55 if you were born before 1 July 1960. But, different preservation ages apply to people born after that date. See the table below.

With a TTR strategy, you have two AustralianSuper accounts :

1 A super account – to receive contributions from your employer, including salary sacrifice (before-tax) contributions

2 A Choice Income account – to help replace the income you’ve used to make salary sacrifice contributions into super.

How does a TTR strategy save you tax ?If the tax you pay on your salary sacrifice contributions is less than the tax you pay on your salary, these tax savings can be converted into extra super. The value of a TTR strategy is even greater after age 60, when the pension payments you receive are tax-free.

Your date of birth Your preservation ageBefore 1 July 1960 55

1 July 1960 to 30 June 1961 56

1 July 1961 to 30 June 1962 57

1 July 1962 to 30 June 1963 58

1 July 1963 to 30 June 1964 59

1 July 1964 or after 60

Case study

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Working longer can pay off…There can be real advantages to delaying your retirement and drawing from your super :

› your employer can continue to make Superannuation Guarantee contributions for you, and

› the extra time your super is invested will allow for more investment growth over time.

The Work Bonus is a Government incentive for older Australians to continue working. An individual can earn up to $250 a fortnight of employment income before their Age Pension payments are reduced.

The Work Bonus operates on top of the Age Pension’s earning limit. Singles can earn up to $156 a fortnight before their Age Pension payments are reduced and couples combined can earn up to $276 a fortnight. This means if you’re single and eligible for the Age Pension you could earn† up to $406 a fortnight and still receive the full Age Pension.

† This includes all sources of income including employment income and investment income.

Source: Department of Social Services – Work Bonus www.dss.gov.au/our-responsibilities/seniors/programs-services/work-bonus

You can get financial advice* on transitioning into retirement by calling 1300 300 273.

* For details see page 25.

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9 Getting personal advice

Meeting a financial adviser might seem a little daunting, but it needn’t be.Getting personal advice could make a positive impact on your retirement well-being and with a few tips, you’ll get a lot more out of it.

What to expect when you meet with a financial adviser*Financial advisers can provide advice in different ways but most are likely to take this approach :

› Initial discussion: to learn more about what you’re trying to achieve and get a general understanding of your financial position – eg income, asset and debt position and financial goals.

› Proposal : includes the fees involved and confirms your financial goals.

› Detailed discussion : explores your goals and current situation in more depth.

› Statement of Advice : a written document that details the adviser’s recommendations, different strategies and product options.

› Implementation : your plan is put in place with ongoing reviews – usually once a year – to ensure the advice stays in line with your goals and situation.

* The financial advice you receive will be provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd (AustralianSuper) and therefore is not the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.

† The financial advice you receive from an IFS planner will be provided under the Australian Financial Services Licence held by Industry Fund Services Pty Ltd, not by AustralianSuper, and therefore will not be the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.

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* For details see page 25.† You can use some of your AustralianSuper savings to pay for financial

planning services relating to your AustralianSuper account only. This includes AustralianSuper Choice Income accounts, but doesn’t include defined benefits accounts without additional accumulation accounts.

What does personal advice cost ?AustralianSuper can refer you to a qualified, professional financial adviser† who can help you formulate a plan suited to your budget and personal situation. A financial plan can be provided on a no-commission, fee-for-service basis. All financial plan costs will be determined by your advice needs and the complexity of advice to be provided as agreed up-front with your adviser.

If you’d like personal advice on your super, we can put you in touch with a fee-for-service financial adviser* – which you can pay for straight out of your super.†

Call us for help on 1300 300 273.

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To get the best chance at the lifestyle you want, here are some simple things to remember :

1 Make your goals real.

Saving for your ‘financial freedom’ doesn’t really mean much. Paying off your home, upgrading your car, or a trip overseas are real goals.

2 Have short-term (one, two or five year) as well as long-term (more than five years) goals.

That way, you’ll enjoy ‘quick wins’ and feel more motivated to save for the long term.

3 Super will likely be your biggest asset outside your home.

Getting more involved with your super could make a big difference to your lifestyle in retirement.

4 There’s no set recipe for how you should spend your money.

No matter how much you earn, you will always find things to spend your money on. The key is to use your money wisely to make your life truly fulfilling.

Planning for retirement can be complex and it’s important to start planning early and get advice from people with specialist knowledge.You can also talk to your retired friends to find out their experiences.

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About this financial guideThe information in this financial guide should not be considered as personal financial advice. It gives general information only and doesn’t take into account your personal objectives, situation or needs. Before making a decision about AustralianSuper, consider your financial requirements and read the Product Disclosure Statement.

It’s important you consider your situation and seek your own independent financial advice before making financial decisions. Speaking to a licensed financial adviser may help.

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SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria. Go to www.australiansuper.com/ratings for details on the Heron Partnership’s rating of AustralianSuper.

Important information : Investment returns are not guaranteed as all investments carry some risk. Past performance gives no indication of future returns.

This guide was issued in May 2015 by AustralianSuper Pty Ltd ABN 94 006 457 987 AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. 1046

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Find updates onlineWhile all reasonable effort has been taken to ensure that the information contained in this guide is correct at May 2015, such information may be subject to change and should be verified before making financial decisions. AustralianSuper will not be liable, or bear responsibility, for any loss or damage arising as a result of your reliance on the contents of this guide. Keep up-to-date at www.australiansuper.com/YourMoney