During your first year with UniSuper, there are a few simple things you can do that may help you set yourself up for a comfortable future.
It’s never too early to start thinking about your retirement – in fact, the earlier the better.
After all – your super is your money. We’re here to help it provide you the lifestyle you want in retirement.
Year 1 checklist
|I know what product I have
You could have a defined benefit or accumulation-style product.
Don't worry if you're not sure. You can refer to your welcome kit, log in to MemberOnline, or call us to find out.
If you join UniSuper as a DBD member, you will have 24 months (from when you join) to decide if you want to stay in the DBD or switch to Accumulation 2.
|I’ve thought about consolidating the super I have in other funds
The average Australian has super with multiple funds, each with their own set of fees.
Over your working life, these extra sets of fees can really add up, so it makes sense to think about combining your accounts. Like all things in life, though, you should consider your options before you make a decision.
Get your super together now:
|I know about the type of insurance cover included in my super, and what my options are
You could have access to insurance cover through your super account. Depending on your eligibility, you may be able to boost your cover.
Over time you should review the insurance cover you have through your super fund – you need to make sure that your cover is enough to meet your changing needs. You also need to make sure that over time you maintain a sufficient account balance to cover insurance premiums.
|I’ve thought about how I want my super distributed when I die
Thinking about death might not be the nicest thought, but it can be comforting to know that you can choose to direct where your super goes when you die by making a binding death benefit nomination.
|I'm a Defined Benefit Division member, and have decided if I want to switch to Accumulation 2
||Defined Benefit Division members have the choice of switching to Accumulation 2 within their first 24 months of membership.
Before you make this decision, you should familiarise yourself with each membership type.
|I’ve activated my MemberOnline account
MemberOnline gives you instant online access to your UniSuper account, so you can:
- Make sure your personal details are up to date
- Check your account balance
- Monitor your investment portfolio
- Check your insurance cover and nominate beneficiaries
|I've received my welcome kit
Your welcome kit should be posted to you within your first three months of joining.
The Superannuation Officer at your work should let us know when you’ve joined so we can send you one. It contains all you need to get you started with UniSuper.
If you haven’t received a welcome kit or have any questions , please call us.
|I've searched for any lost super I might have
Did you know there's more than $16 billion in lost super waiting to be claimed?
Could some of it be yours?
If you’ve changed jobs, moved house or even changed your name, you may have lost track of your old super.
It only takes a couple of minutes to find lost super using the Australian Taxation Office (ATO) website.
|I've Checked that my super is invested in an option I’m comfortable with
If you have an accumulation super account, or an accumulation component in the DBD, you can choose where your super is invested from a range of options.