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Quick win strategies to rebuild your super

Eimear O'Sullivan

There are ways to rebuild your super after an investment switch or market volatility: some quick and some over time. We’ve touched on some of the key strategies.

The dip in your super balance due to market volatility isn’t permanent. If your investment horizon is 5 years or more, markets are very likely to fully recover from a market crash or prolonged period of volatility. By design, super takes market volatility into account so that over time your investment will grow more than it would have if it were invested in, say, cash.

There are ways to rebuild your super after an investment switch or market volatility: some quick and some over time. We’ve touched on some of the key strategies below.

  1. Consolidate your super accounts 
    Now may be a good time to combine your super accounts. With your super in the one place, you’ll pay only one set of fees. Check if you have insurance or services with your other fund before you combine accounts.
  2. Take advantage of the Government Co-contribution
    Over the next 9 months, you can make small contributions to your super account. If you’re a low-income earner, you may then be eligible for a co-contribution from the Government when you submit your 2020/21 tax return.
  3. Use the spouse contribution rule
    Your spouse can contribute to your super to help you rebuild – as long as contribution rules.

Energy Super offers members financial advice about their super account, including investments, contributing to super, and insurance. Advice is provided over the phone and is at no additional cost to members. Give us a call today on 1300 436 374 or visit our website

Investment returns are not guaranteed. Past performance is not a reliable indicator of future performance. Electricity Supply Industry Superannuation (Qld) Ltd (ABN 30 069 634 439) (AFSL 336567) is the Trustee and issuer of Energy Super (ABN 33 761 363 685). A Product Disclosure Statement (PDS) is available from energysuper.com.au or by calling 1300 436 374. Before making an investment decision you should consider the PDS and whether Energy Super is right for you. If you need assistance, talk to one of our financial advisers.  

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