Common Super Mistakes


Retiring and enjoying the benefits of the super you have accumulated is not too far away on the horizon. Having worked hard to grow a significant super balance throughout your career, you want to ensure you continue to finish strongly on your final lap. Now is not the time to make mistakes due to being uninformed.


The years leading up to retirement require a strategic shift of focus. Traditional accumulation strategies may no longer be appropriate for your personal circumstances. Cost, contribution and overall investment strategy are the areas that require consideration now.

Investment markets are inherently volatile, and not striking the right balance between growth and defence of your super asset at this taper-end phase of your career can be a costly mistake. An inadequate contribution strategy and holding inappropriate insurance coverage within super can also negatively impact your super balance.


Those aged 60 and over should investigate if there is an opportunity to minimise their annual tax bill whilst simultaneously boosting their super account balance using a Transition to Retirement strategy (TTR).

Mechanically at TTR strategy works by salary sacrificing an appropriate amount of your income into super (effectively lowering your taxable income level) whilst simultaneously drawing down a supplementary amount of tax-free income from your super to maintain the same level of take-home pay.


The SuperWiser client portal helps you review your super, identify mistakes and take steps to correct them. If you are not already registered, click to start your free Super Review

Alternatively, call 1800 467 467 to book an obligation-free 30-minute chat with an Adviser or email

This document was prepared and issued by Super Simpler Pty Ltd (ABN 74 150 240 421) a privately-owned company operating as a Corporate Authorised Representative (CAR No. 468 201) of AXIS Financial Group Pty Ltd (ABN 21 092 889 579, AFSL 233 680). The information contained within it is not advice. It provides general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider talking with your financial adviser before making an investment decision. Information in this publication, which is taken from sources other than Super Simpler, is believed to be accurate. However, subject to any contrary provision in any applicable law, neither Super Simpler, nor its employees and directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it.