Your super. Your way.

Looking to retire stress-free? Well, it’s time to give your super a closer look. Not all funds are created equal and simply putting your money in a pot and hoping for the best isn’t going to cut it.

Two people at the same fund can get different results. One member could get 10% per year returns, while someone at the same fund gets 3%? It’s how your money is set up within the fund, that makes all the difference.

So, what’s the difference between a good setup and a bad one? It all boils down to fees, returns, and risk. Fees are responsible for robbing so many Aussies of their retirement savings but it’s often returns where people are missing out.

CheckMySuper refer you to licensed financial advice firms who can help you understand your setup, so you can maximise your funds and secure your future.

We’re an independent, Australian-owned company, helping Aussies connect with financial advisers. We want to help you make the most out of your retirement savings. We start the review, collect some basic information about your superannuation, and if you qualify, we refer you to a financial adviser to complete the review. No filling out paperwork, we make it easy. So why wait? Meet our team and learn more about CheckMySuper.

When we say, ‘no out-of-pocket expense’, we mean that if you are impressed by the adviser we refer you to, and decide their advice is in your best interest, meets your personal circumstances, and will provide a significant benefit – any fee can be paid from your super. As long as the advice relates to your superannuation, there is no out-of-pocket expense if you use their service. If you’re not happy with the advice or don’t see a benefit, there won’t be any cost to you. So, it’s a risk-free way to speak with an adviser, review your situation and receive recommendations on how to improve your finances. 

We’re committed to providing a no-obligation service, and our partner advisers will prepare a personalised Statement of Advice (SoA) for you outlining their recommendations and the reasons for their advice, before you have to make any decision.

No-obligation, no out-of-pocket expense, cost-effective and risk-free. That’s why thousands of Australians have used CheckMySuper.

A default super fund or option is the product you’re automatically enrolled in by your employer or when you open a superannuation account. This means that unless you take the time to customise your super fund or have an adviser customise it for you, you could end up in a one-size-fits-all fund with the same investment strategy and insurance as everyone else.

This can be a serious problem, as highlighted by the Government’s Productivity Commission Inquiry into superannuation, which found that many members end up in an underperforming product that can erode nearly half their balance by retirement. 

At CheckMySuper, we believe in personalised super to ensure your investments perform well and your insurance is tailored to your needs. A super review can help ensure you’re not in an underperforming fund, being overcharged in fees, or paying for unsuitable or duplicate insurance policies. Regular reviews are recommended to ensure your super is getting the best possible results and is relevant to your current situation.

The Australian Government’s Productivity Commission Inquiry into the superannuation system has revealed significant concerns affecting millions of Australians, emphasising the importance of people proactively checking their super setup to ensure they aren’t amongst the underperforming funds.

Not sure if you need to check yours? Read actual findings taken directly from the government report:

• “The way members are allocated to default products has meant many (at least 1.6 million member accounts) have ended up in an underperforming product, eroding nearly half their balance by retirement.”
• “Structural flaws — unintended multiple accounts and entrenched underperformers — are harming millions of members, and regressively so.”
• “Evidence abounds of excessive and unwarranted fees in the super system.”
• “A third of accounts (about 10 million) are unintended multiple accounts. These erode members’ balances by $2.6 billion a year in unnecessary fees and insurance.”
• “The system offers products that meet most members’ needs, but members lack simple and salient information and impartial advice to help them find the best products.”
• “Not all members get value out of insurance in super. Many see their retirement balances eroded — often by over $50,000 — by duplicate or unsuitable (even ‘zombie’) policies.”
• “Members should also be empowered to choose their own super product from a ‘best in show’ shortlist, set by a competitive and independent process. This will bring benefits above and beyond simply removing underperformers.”

Read the full report here [https://www.pc.gov.au/inquiries/completed/superannuation/assessment/report] or skip to the important part and give us a call to book your super check!