The ATO recently advised that this tax time it is introducing a ‘super health check’ – 5 simple steps to make superannuation easier to manage. While people are focused on their tax return, the ATO is encouraging them to check their super.

With the ATO’s super health check, tax payers can check:

• Their contact details and update if required
• Their super balance and employer contributions
• For lost and unclaimed super
• If they have multiple super accounts and, if so, consider consolidating
• Their nominated beneficiary/beneficiaries

Why You Should Review Your Super

Your super is one of the biggest assets you’ll accumulate in your lifetime. However, many Australians think they don’t need to worry about their super until retirement. Some don’t think about it at all.

It’s never too early to think about your super and the earlier you get on top of it, the better. It’s a good idea to regularly review and manage your super. At the very least, make sure you:

• Are getting he super you are entitled to from your employer
• Know where it is

Small decisions you make today can have big impacts on your final super outcomes.

Benefits of a Super Health Check

A super health check consists of 5 simple and important things you can do to get on top of your super today. It will help you:

• Manage your super
• Understand your entitlements
• Make better choices for when you retire

You can check on your super at any time. However, we suggest you get into the habit of doing a healthy check each year when you prepare your tax return.

The best way to get started is to follow these checks.