strengthening our understanding of super

New research commissioned by Super Members Council shows that many Australians have a knowledge gap when it comes to super.

While the majority of survey respondents believe super is important to their future financial wellbeing, around 70% don’t know the current super guarantee rate or the rate super is taxed at. A third of respondents check their super balance less than once a year.

The good news is that the research also shows Australians who better understand super are more likely to engage with their retirement savings and are happier with their financial decisions.

And in even better news, Super Members Council has launched the How Super Works campaign to help ensure more Australians understand the powerful benefits of super.

Featuring everyday Australians having conversations about super, the campaign aims to make it easier for members to understand how super works.

How HESTA helps our members

HESTA is also dedicated to empowering our members to plan for their financial futures with confidence.

We offer our members a variety of tools and resources, including online calculators, interactive videos, and super education and advice available directly in members’ workplaces.

We also provide engaging information sessions and seminars, as well as specialised personal support from our experienced advisers in person and virtually.

Over 200,000 members have already benefited from Future Planner, our innovative online tool designed to help members see how much money they're projected to have in retirement, assess how it compares to the Association of Superannuation Funds of Australia comfortable retirement standard, and explore options to grow their super.

Knowledge is power when it comes to saving for retirement. Understanding how to make the most of super can help HESTA members, and all Australians, face the future with confidence.