When you start a new job, there are a lot of forms to fill in — tax file numbers, bank details, and superannuation. It might be tempting to just let your employer put you into their default super fund. But here’s the truth: superannuation is your money, your retirement, and your choice. By taking a few minutes to register your own super fund and giving those details to your employer, you’ll set yourself up for a stronger financial future. Here’s why.
Your super is designed to follow you throughout your working life. If you don’t choose your own fund, each employer could sign you up to a new one — and before you know it, you’re juggling multiple accounts. That’s a problem because: -
- Each account charges its own fees and insurance premiums. -
- Multiple accounts can eat away at your savings over time.
- It’s harder to keep track of your money. By sticking with one fund, all your contributions go to the same place, you pay fewer fees, and your balance has the best chance to grow.
Did you know millions of Australians have more than one super account? That means they’re paying multiple sets of fees — money that could have stayed invested for their retirement.
One fund = one set of fees. And because your money stays together, it compounds faster. In simple terms, that means your balance grows on top of itself year after year. The less you waste on duplicate accounts, the more you’ll have when you retire.
Every super fund offers different investment options — from “growth” funds with more shares (higher risk, higher return) to more conservative options (lower risk, lower return). Your employer’s default fund won’t necessarily match your goals or risk appetite. The same goes for insurance. Most super funds include default cover for life, total and permanent disability, or income protection. But your needs may be different — you might want more, less, or none at all. By choosing your own fund, you stay in control of these important decisions.
Superannuation is often the biggest financial asset you’ll build apart from your home. Taking ownership of your fund keeps you engaged — you’ll be more likely to check your balance, track performance, and make small changes that add up to big results later. Even spending 10 minutes a year reviewing your super can mean thousands of dollars more at retirement.
Your super is your future, and it deserves your attention. By choosing and registering your own fund, you avoid unnecessary fees, keep your money in one place, and gain the freedom to pick investments and insurance that work for you. It only takes a few minutes to set up — but the impact will last a lifetime.
Remember: it’s your super, your choice.
Ready to take the stress out of your P&C’s finances? Get in touch with our friendly team today—we’re here to help your committee feel confident, supported, and in control.
