Solution finder
It all starts with a goal, what's yours? Buy or build my first home and

Unsure about how super works?

We explain everything you need to know to make the most of your super savings at every life stage.

There’s a lot to love about super, and even though you can’t normally access this money while you’re in the workforce, super is likely to be one of your best assets for the future.

So it's worth getting to know your super.

A nest egg for the future

Superannuation is specifically designed to help Australians save for retirement. That’s important because we’re enjoying longer life expectancies, and have higher expectations of a quality lifestyle in our senior years. 

But it takes money to pay for a rewarding retirement. And that’s where your super comes in.

Growing your super

Your super grows while you’re in the workforce through a combination of contributions to your fund and investment returns earned on those contributions.

Your employer is required to make contributions on your behalf worth 9.5% of your regular wage or salary. But you can also add to your super, and it makes sense to do this.

Super is very lightly taxed, so more of your money goes to funding your retirement rather than being paid to the tax office. This can make it worth speaking to the boss about salary sacrificing super contributions from your before-tax wage, or making contributions from your own pocket using after-tax money.

Annual limits apply to the amount you can add to super each year, and your Mortgage Choice financial adviser can let you know whether any additional contributions you make could exceed these limits.

Choosing your super fund

Over the course of your working life, plenty will happen. In our busy lives it can be easy to lose track of your super. In fact, 6.3 million super accounts are lost or unclaimed, with a total value of just under $18 billion1.

One of the best ways to keep track of your super is to select your own fund. Or you may prefer to take control of your own nest egg with a self-managed super fund.

This is an area where we can offer tailored advice, so you can be sure the super option you choose is right for your needs.

Drawing down your super

When you’re finally ready to hang up your work boots, your super can be accessed in a variety of ways – either as a lump sum, or you can use the money to invest in a private pension that provides regular money to live on. Or, if you choose to wind down your working week gradually, a transition to retirement pension can let you top up your working wage with payments from super.

The way you access your super can impact any tax you pay on your nest egg. So it is essential to speak with your Mortgage Choice financial adviser before making a final decision. It’s important to make every dollar work hard in retirement, and great advice can be the best investment for this life stage.

With your super sorted, you can enjoy your career knowing your superannuation is continuing to work hard in the background, building wealth for your future. 



What do I need to know?

How to invest

It’s possible to add to your super though your own contributions, and it means more money to live on in retirement.

Retirement income calculator

Use our free calculator powered by InvestfitTM to see what you could expect in your retirement and whether your current investment strategy is right for you.

What is an SMSF?

It's an option that works well for many, and if you are comfortable taking responsibility for your nest egg, an SMSF could be the right choice for you.

Super and retirement

Talk to your local financial adviser today

How can an expert help me?

Explore super consolidation

Work out the potential impact on your balance if you consolidate multiple super accounts to the lowest fee account.

Help you find lost super

Tracking down forgotten super is an easy way to boost your wealth and have more money to spend in retirement.

Help you choose a fund

There are a number of factors to weigh up when it comes to selecting the super fund that is right for you.

Find an Expert

Things can change quickly in the market.

Subscribe and stay informed with news, rates and industry insights.