Media Release

Simple tips to save more super: ASFA

Published 27 November, 2013

Published 27 November, 2013

27 November 2013

Simple tips to save more super: ASFA

With new research released by Suncorp today indicating that many Australians are not on track to fund the lifestyle they want in retirement, the Association of Superannuation Funds of Australia (ASFA) is encouraging people to take simple steps to boost their retirement savings.

“Making small changes can have a big impact on a person’s superannuation account balance in retirement,” says ASFA CEO Ms Pauline Vamos.

“Spending one hour today to look at ways to boost your super savings could save you hours of time working past the age you want to retire in the future.”

ASFA’s top four tips to help boost your super savings

1. Consolidate your accounts
If you’ve had more than one job, chances are you also have more than one super account. Moving all your super into one account can help you save on fees and will also make managing your super easier.

2. Find lost super
Tracking down lost super is another way to boost your retirement nest egg. Currently there are billions of dollars in lost and unclaimed super, and chances are that some of it belongs to you. Use the ATO SuperSeeker tool to search for your lost and unclaimed super, then contact the fund to arrange to move it into your active super account.

3. Make contact with your fund to ensure you’re getting the best service they can provide
Check with your fund to see what services they offer to their members. For example, they may be able to provide advice on the best insurance or investment options for your particular circumstances. They also may have tools or calculators to help you figure out how much you need to save for your retirement and how to get there.

4. Plan to save more
Making small changes – like having one less coffee a day and putting this extra money into your super – can add thousands of dollars to your balance in retirement. The earlier you start saving, the more you will benefit, so think about making these small changes today.

For further tips, tools and information to help you make the most of your super, visit www.superguru.com.au

For further information, please contact:

Lisa Chikarovski, Media Manager, 0451 949 300.

About ASFA

ASFA is the peak policy, research and advocacy body for Australia’s superannuation industry. It is a not-for-profit, sector-neutral, and non-party political national organisation, which aims is to advance effective retirement outcomes for members of funds through research, advocacy and the development of policy and industry best practice.

Acknowledgement of Country

We want to respectfully acknowledge the Traditional Owners and Custodians of these lands, seas, and waters throughout Australia. We pay our respects to Elders both past and present. We acknowledge the history, the resilience and the continual contributions of Aboriginal and Torres Strait Islander peoples of their Country.

ABN 29 002 786 290

Daniel Mulino MP

Assistant Treasurer and Minister for Financial Services

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Born in Brindisi, Italy, Daniel was a young child when he moved with his family to Australia. He grew up in Canberra and completed his first degrees – arts and law – at the ANU. He then completed a Master of Economics (University of Sydney) and a PhD in economics from Yale.

He lectured at Monash University, was an economic adviser in the Gillard government and was a Victorian MP from 2014 to 2018. As Parliamentary Secretary to the Treasurer of Victoria, Daniel helped deliver major infrastructure projects and developed innovative financing structures for community projects.

In 2018 he was preselected for the new federal seat of Fraser and became its first MP at the 2019 election, re-elected in 2022 and 2025. From 2022 to 2025, Daniel was chair of the House of Representatives’ Standing Economics Committee in which he chaired inquiries; economic dynamism, competition and business formation and insurers’ responses to 2022 major floods claims.

In 2025, he became the Assistant Treasurer and Minister for Financial Services.

In August 2022, Daniel published ‘Safety Net: The Future of Welfare in Australia’, which aims to explore the ways in which an insurance approach can improve the effectiveness of government service delivery.