40 - 50 years old – The juggling act

Know how much super you will really need

Retirement is still a long way off, but if you can work out now how much super you’re likely to need and make extra contributions along the way, you’re likely to have a far better lifestyle when you do finish work. 

Read more

According to the ASFA Retirement Standard , to live a ‘comfortable’ retirement:

• Couples will need $58,922 a year

• Singles will need $42,893 a year

And, these figures assume that you will own your own home outright…

While this may all seem a little daunting, don’t be put off by the big numbers. Have a play with our Retirement Planner calculator. It will help you estimate how much you’re likely to have in your super and show you how long that will last if you start drawing it down as a Retirement Pension.

If it shows you’re on track, that’s fantastic; but if you think that there might be a shortfall, there are ways to start working towards your retirement goals.

Can you sacrifice a cup or two of coffee a week?

Two cups of coffee costs around $7.20 per week, or $374.40 per year. Why not use this amount as a starting point for making extra contributions?

Try our new Contributions Calculator to see how much you can save by adding the money from your sacrificed cups of coffee to your super.

There are multiple ways you can put extra money in your super, two easy options are:

Salary sacrifice – through an agreement with your employer to pay some of your pre-tax salary into your super account

Voluntary contributions – this is where you make contributions from your take-home pay.

Each option has different advantages, so call our Super Helpline on 1800 640 886 and our friendly staff will talk you through the options.

FIND OUT MORE

Get some advice

If you’re not sure where to start, or want some sound advice, call our Super Helpline on 1800 640 886 and one of our friendly staff# can talk you through the options, as well as give you general advice that will help you make the most of your super.

# Helpline consultants providing general or limited advice are representatives of Mercer Outsourcing Australia Pty Ltd (MOAPL) ABN 83 068 908 912, AFS Licence 411980.

Get to know your investment options

You don’t have to be an investment guru to make a smart investment choice. Media Super gives you a range of options that are designed to suit you, including the ability to directly choose a range of shares, exchange-traded funds and term deposits.

Read more

If you haven’t made an investment choice, your super will be invested in our Balanced (MySuper) option, which suits most people’s needs.

You can choose your own and take control

Media Super’s pre-mixed and single asset class investment options provide you with the choice you need to create the best mix of investments to build a portfolio you’re comfortable with.

Our Direct Investment option allows you to take even greater control and manage how your super is invested, offering a range of ASX300 shares, term deposits and exchange-traded funds.

Risk and return

Making an investment decision really comes down to how much risk you are willing to take. Everyone has a different tolerance to risk, and you need to be comfortable with the level of risk that is associated with the investment option or mix of investment options that you choose. Generally speaking, investment managers suggest that if you have a longer investment time frame (10 or more years) you may be able to take on more risk to look to achieving a greater return in the long run.

To build your understanding of how risk and return work and apply to you, take a few minutes to complete our Risk Profile Questionnaire.

Then have a look at our Investment Guide to see what options are available and what best suits your needs

Get some advice

If you’re not sure where to start, or want some advice on how to match your goals to your risk profile, our Helpline Advisers# can help talk through the various investment options available to you and how these match your needs and risk profile. For more complex financial advice, the Advisers will refer you to a Media Super Financial Planner*.

* Media Super Financial Planners are representatives of Industry Fund Services Limited ABN 54 007 016 195 AFSL 232514.

# Helpline consultants providing general or limited advice are representatives of Mercer Outsourcing Australia Pty Ltd (MOAPL) ABN 83 068 908 912, AFS Licence 411980.

Make sure you’re well covered

Is your house insured? Your car? What about you and your income? Even if you have life insurance somewhere else, it’s worth taking a look at your current Media Super insurance. 

Read more

Most Media Super members are automatically provided with default insurance cover when they join. This may include:

• Death only

• Death and Total and Permanent Disablement (TPD)

• Income Protection (cover up to 85% of your salary plus your superannuation contributions)

Unless you chose not to have default cover, then there is a chance you may have some level of insurance through your Media Super account. It is worth taking a look and seeing whether the amount of cover you have is enough for your needs. To find out more visit the What cover do I have? page.

Why Media Super insurance may work better for you…

Insurance through Media Super is an easy and cost effective way to protect you and your family – here’s why:

• It can be cheaper than purchasing it yourself outside of super – our group buying power can mean it’s more cost-effective for you.

• Premiums are deducted from your super account, not your household budget.

• It’s flexible and you can change your level of cover at any time.

FIND OUT MORE

We’re here to help

On the phone

Call our Super Helpline on 1800 640 886 and our friendly staff will talk you through any questions you have.

In person

If you know you want to get your insurance sorted, working out exactly how much insurance you need can be complex.

Our Media Super Business Development Managers are here to help, with general advice at no extra cost to you.

Get some advice you can rely on

Chances are you’re juggling a range of different financial priorities right now. A mortgage? A car loan? Day to day living costs? They all add up. However, with some sound financial advice now, you can put the plans in place to make sure you get ahead in the years to come. 

Read more

Media Super Financial Planners* can help you make informed decisions and provide you with the right tools to build your personal wealth.

They can help you with all of your financial decisions, including:

• which investment option is right for your circumstances

• building super and tax effective contributions strategies

• investing outside of super.

Initial one-hour consultation, free of charge

After your initial consultation, your planner will provide you with a no-obligation quote for any further advice, based on an hourly rate. Should you proceed, you can then choose to pay the cost of your financial planning from your Media Super account.

Our planners are dedicated to providing high-quality, personalised advice and do not receive commissions.

To make an appointment, call the Helpline on 1800 640 886 or find your local Media Super Financial Planner

Fast advice over the phone

If you want to discuss your investment choices or insurance cover, our Helpline Advisers# can provide you fast, friendly advice over the phone. Helpline Advisers can help talk through the various investment options available to you and how these match your needs and risk profile.

For more complex financial advice, the Advisers will refer you to a Media Super Financial Planner.

*Media Super has engaged Industry Fund Services (IFS) ABN 54 007 016 195 AFSL No 232514 to facilitate the provision of financial advice to members of Media Super. Advice is provided by one of our Financial Planners who are Representatives of IFS. Fees may apply. Further information about the cost of advice is set out in the relevant Financial Services Guide, a copy of which can be obtained by calling IFS on 1300 138 848. IFS is responsible for any personal advice given to you by its Representatives.

# Helpline consultants providing general or limited advice are representatives of Mercer Outsourcing Australia Pty Ltd (MOAPL) ABN 83 068 908 912, AFS Licence 411980.

Stay in touch

The easiest way to stay up to date is by making sure we have all your correct contact details. Plus, you can sign up for your monthly e-newsletter, Imprint, and follow Media Super on social media for even more news and tips.

Read more

It’s easy and only takes a couple of minutes!

Online

Just log in to your Media Super account. All you need is your member number (this will be on your latest statement) and your PIN.

Forgotten your PIN? Don't worry, you can reset it online or request a new one from our Super Helpline on 1800 640 886.

To receive your Imprint e-newsletter straight to your inbox each month, make sure we have your email address.

On the phone

If you’ve forgotten your log in details, can’t find your member number, or just prefer to do things over the phone, call our Super Helpline on 1800 640 886.

Follow us online

At Media Super we go out of our way to help our members thrive in all aspects of their life, now and in the future. By following us online you’ll be able to keep up with the key things that are happening in your industry, learn about your fellow members, see what Media Super is doing to help your industry thrive and get useful tips to improve your financial wellbeing.