3. Check that you’re invested in the right option
As a 20-something, your investment choices might feel insignificant now. But for many of us, super is one of the biggest financial investments we’ll hold. So, it’s important for you to take control of how that money gets invested.
One way to do this is to be across your super fund’s investment options. When reviewing your investment options, think about the level of risk you’re comfortable with and the longer time frame you’ll have as a young person. You might also want to consider your personal values.
4. Consider boosting your super
If you earn below $58445 (for the 2023-24 financial year ) and contribute some after-tax money to your super, you may be able to receive a boost from the government if you are eligible. It’s a great time to take advantage of the government co-contribution incentive if you’re earning a lower income and comply with eligibility requirements.
As someone who has time on their side, adding a bit of money into your super now, if you can afford it, can also give you a head start. Starting small earlier could make a huge difference to how much money you could have in the future.
Learn how you could grow your super
5. Download the Rest App
Did you know that if you’re a Rest member, you can do all of the above in the Rest App? It’s one of the easiest ways to stay on top of your super. You can also check your super balance in seconds and access member rewards, exclusive to members using the Rest App.
Get the Rest App today