Marriage & family
Starting a family is an exciting journey, but it affects your super. Here's what you should do to avoid future hassles:
Changing Your Name
Ensure your super accounts match your current name.
Beneficiaries
Nominate or update beneficiaries to ensure a smooth super transfer in unforeseen circumstances.
Insurance considerations
Review your insurance coverage to protect your family's future security.
Career Breaks
Taking a career break or working less can impact your super, whether for travel, personal reasons, or family matters. Here's how to keep it on track:
- Combine your super: Streamline your super accounts to reduce fees and maximise growth.
- Contribution splitting: Share contributions with your spouse for a more balanced retirement strategy.
- Set up spouse contributions: Contribute to your spouse's super, and possibly save on tax or possibly save on income tax.
- Make extra contributions: Consider making additional contributions to compensate for lost savings during your break.
Access your super early
If you're facing financial hardship, compassionate circumstances, or illness, you might need to access your super before retirement.
Super and divorce
Relationship breakdowns can be stressful so we’ve made a list of what you might need to think about in relation to your super.
