10 ways to take care of your financial future

This Valentines Day, give your financial future some TLC – whether it’s adding to your (or your partner’s) super, checking your investment options still suit you, or reviewing your insurance cover.

The good news is if you can’t afford to add more to your super right now, there’s still a few things you can do (at no extra cost) so in future you can enjoy a dignified retirement.

1. Could you have more than one super account? If so, by combining your super you could pay just one set of fees. Our online search can help you find other super in your name.¹
2. Check on how your super is invested and if it still suits your financial goals. Making some adjustments now could help to boost your retirement savings in the long term.
3. Check your insurance cover. Insurance in super can protect you and your family now, so it’s worth checking what insurance you may have and if it suits your situation.
4. Have you nominated who will receive your retirement savings and insurance when you die? If you want your super and insurance benefits to be distributed the way you want, you need to let us know. If you have already done this, it’s worth checking they are up to date.
5. Get a Super Health Check to see how your super is tracking. In just 30 minutes one of our Financial Advisers can project how much you could have in super when you retire, and how long your savings are likely to last and fund your lifestyle.
6. If your income is less than $60,400 in 2024/25, and you are eligible and make an after-tax contribution, the government may even spread the love and pay you a Super co-contribution.
7. Consider setting up regular additional super payments through your pay (salary sacrifice).
8. Make after-tax contributions to your super from your bank account or other lump sums. Our contributions calculator can show you what impact extra contributions can make on your balance.
9. Boost your spouse’s super with spouse contributions and you may even be able to claim a tax deduction.
10. Check your contact details are up to date. You can do this by logging into firstonline or the mobile app.

¹ Before combining your super you should consider your insurance arrangements, if you’re in a Defined Benefit fund and any applicable fees.