3 Things You Should Know About Your Super (Before It’s Too Late)

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Superannuation might not be the most exciting topic at brunch—but it should be. Why? Because it’s one of the most powerful tools you have for long-term financial wellbeing. And yet, many Australians—especially women—aren’t making the most of it.

Whether you’re just starting your career, juggling work and family, or planning for retirement, understanding your super now can save you thousands later.

Here are three smart strategies to help you take control of your super before it’s too late.

1. Consolidate Your Super Accounts

If you’ve had multiple jobs, chances are you’ve got multiple super accounts. That means:

• Duplicate fees

• Unnecessary insurance premiums

• Lost investment potential

By consolidating your accounts into one, you reduce fees and simplify your financial life. It’s a quick win that can make a big difference over time.

Tip: Before consolidating, check for any insurance policies you might lose and compare fund performance. A financial planner can help you make the best choice.

2. Review Your Investment Options Based on Your Life Stage

Your super isn’t just a savings account—it’s an investment portfolio. And like any portfolio, it should reflect your goals, risk tolerance, and time horizon.

• In your 20s and 30s? You might benefit from growth-oriented options.

• In your 40s and 50s? A balanced approach could suit your evolving priorities.

• Nearing retirement? Conservative options may help preserve capital.

Many people never change their default investment settings, missing out on better returns or lower risk. Reviewing your options regularly ensures your super is working as hard as you are.

3. Understand Your Preservation Age and Access Rules

Your preservation age is the earliest age you can access your super—usually between 55 and 60, depending on your birth year. But access isn’t automatic. You must meet certain conditions, like retiring or transitioning to retirement.

Knowing your preservation age helps you plan ahead, especially if you’re considering early retirement, part-time work, or a career change.

Bonus Insight: There are also rules around accessing super for hardship or compassionate grounds—but these are limited and require approval.

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How Prosper Financial Planning Can Help

At Prosper Financial Planning, we believe clarity beats complexity. We help you understand your super, make confident decisions, and build strategies that align with your lifestyle and goals.

Whether you’re consolidating accounts, reviewing investments, or planning for retirement, we’re here to guide you with warmth, expertise, and modern confidence.

Ready to Make Smart Money Moves?

Your super is more than a retirement fund—it’s a reflection of your future. Let’s make sure it’s a strong one.

Follow us for more insights on financial wellness or reach out to start a conversation. Because when women take control of their wealth, everyone prospers.