Are there any super benefits offered by my company?

While saving for retirement is the core function of any super fund, many Australians are unaware of the additional benefits these funds offer. These perks can range from financial tools to discounts, potentially adding significant value to your membership.

Digging Deeper Than Investment Returns

While investment performance is certainly crucial, super funds often provide a wider range of services:

  • Insurance: Life insurance, income protection, and total and permanent disability (TPD) cover are frequently available at competitive rates due to the fund’s bulk-buying power.
  • Financial Advice: Many funds offer access to financial advisors who can provide personalized guidance on managing your super and overall financial health. Some may even offer basic financial advice for free.
  • Online Tools and Resources: Budgeting calculators, retirement planning tools, and educational resources are commonly available online to empower you to make informed decisions.

Unique Perks You Might Not Know About

Some super funds go the extra mile by offering:

  • Discounted Health Insurance: Leveraging their member base, some funds negotiate lower rates on health insurance plans.
  • Shopping Discounts: Partnerships with retailers can grant members access to exclusive discounts on various products and services.
  • Home Loan Products: While not as common, some super funds even offer competitive home loan packages to help members achieve their property goals.

Finding the Right Fit

Not all super funds are created equal. Before diving in, it’s wise to explore the specific benefits offered by your current or potential fund.

  • Review your Product Disclosure Statement (PDS): This document outlines the investment options, fees, and benefits included in your super plan.
  • Visit your super fund’s website: Most funds maintain detailed information about their offerings online.

Remember: Choosing a super fund isn’t just about chasing the highest returns. Consider the additional benefits that can complement your overall financial well-being and help you reach your retirement goals with greater confidence.


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