Life never stands still
One of the things you can count on in life is that it is always changing. Sometimes, there are things that you should do to make sure your super keeps up with you.
When you change jobs, you can take your Maritime Super account with you. Even if your new job is in a different industry you can get your employer to pay your super into your Maritime Super account.
Starting a family
Starting a family is an exciting, busy and sometimes stressful time. Making sure that you have enough insurance to protect your family financially is important. With the right level of insurance cover, you can be confident that if something were to happen to you, your family would be able to pay the bills.
At Maritime Super we offer Income Protection, Death and Death & TPD Insurance tailored to our industry occupations and risks. But you need to make sure you have the right level of cover. We can help you explore your cover needs through our calculator.
Learn more about your Maritime Super insurance options.
Having a baby
Having a baby often means that one parent stops working for a while, or reduces the number of hours they work. As a result, their super savings suffer.
In fact, on average, women retire with 47.5% less super. One of the biggest reasons is because women often take time out of the workforce, or work part-time, to raise their children or care for elderly family members.
What to do to reduce the impact of taking time out of the workforce.
Being made redundant can be very unsettling and stressful. Amidst it all, there are financial decisions you need to make. A financial planner can help you work your way through some of the super and tax considerations. Our planners often visit worksites to talk to people who’ve been made redundant, but if you haven’t had the opportunity to see one of our planners, call us or make an appointment without delay.
Learn more about your redundancy options and how it affects your super.
Reducing your working hours
If you change from full-time work, to part-time or casual work, you need to let us know as it could affect your insurance.
It’s also well worth looking at the different ways you might be able to boost your super if you are earning less. If you are earning less, you will also have less money going into your super. Fortunately, you may be able to receive Government contributions, or put a little extra in yourself.
If you’ve reached your Preservation Age, we recommend you talk to a Financial Planner about your options and how you could transition to retirement and top up your income with a Working Income Support Pension (WISP).