Australian Catholic Super empowering secure future

DO THE MATH: Australian Catholic Super's mission is to empower members to live their best possible retirement.

DO THE MATH: Australian Catholic Super's mission is to empower members to live their best possible retirement.

Making sure you are on track with your super is something that can be helpful, but it can also be a worry

if your balance isn't at the level you are being told it should be for a "comfortable" retirement.

The truth is that everyone is different, according to Alex Moore, marketing manager at Australian Catholic Super.

"For starters, women on average earn less than men - this is called the gender pay gap," Alex said.

"Additionally, some people have broken patches of work, earn different amounts, make different contributions and work in different ways, such as casual or part-time.

"This all means that people get different amounts paid into their super."

A simple way to work out where you sit is by looking at the average super balances for Australians, figures which are readily available from the Australian Bureau of Statistics.

You could also refer to a website like Super Guru (www.superguru.com.au).

"All you need to do is put in your date of birth and it will tell you (approximately) how much super you should have to reach a "comfortable" retirement," Alex said.

If your balance is less than what is suggested, making additional contributions is a great way to boost your balance.

"It could be a voluntary contribution or an ongoing salary sacrifice arrangement," Alex said.

"As a member of Australian Catholic Super, you have access to limited advice at no additional cost that can assist you (at a time that suits you).

"Ensuring all of your accounts are consolidated is also a smart move. The more money you have in one place, the more you have to grow.

"You may also be eligible for a Government Co-contribution."

If you balance is higher than what is suggested, consulting with a financial planner could assist in creating a strategy for your future.

"Our planners do not work for commissions, and can assist you with maximising your superannuation," Alex said.

Australian Catholic Super's mission is to empower members to live their best possible retirement.

"We offer superannuation, and are open to anyone in Australia," Alex said.

"We have a strong relationship with Catholic education, and are proud of our ability to assist teachers all around the country.

"We have offices in Sydney, Brisbane, Perth, Port Macquarie, Townsville and Canberra.

"Additionally, we have award-winning financial planners that can assist members with a retirement strategy, or other tasks like insurance, contributions or choosing investment options."

For more information call 1300 658 776 or visit www.catholicsuper.com.au.

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