If you’re like a huge percentage of Australians who ignore their superannuation until it’s too late, it’s time to take control.

For a lot of Australians, superannuation needs to form a significant part of their retirement plans and if you fit into that category too, the good news is that there are some steps you can take to help make the most from your super for a more secure financial future.


1. Take more risks

Everybody’s threshold for risk is personal but unless you know what yours is by talking to your accountant and financial planner, how do you know what risks you might be able to take?

By choosing investment strategies that are a bit riskier, you can increase your savings dramatically – but make sure it is money you can afford to play with – and not your entire super fund!

Your age is a critical part of managing a sensible investment strategy that combines risk with security – the further away you are from retiring, the more time you have to recoup any losses that might be made in a risky investment.

And, the more risk you take, the higher the odds are of creating a higher return. But proceed with well-researched caution and talk to your financial planner to work out a strategy that works for you.

Playing it safe can be great for some but it will more likely lead to lower returns.


2. Don’t be loyal for life

Just because you’ve always been with a particular superannuation fund isn’t enough of a reason to keep sticking with them.

If the investment options you’ve chosen don’t deliver what you need them to, it’s time to change to something that serves you better.

Talk to your financial advisor before you decide – sometimes there are insurance benefits to superannuation loyalty that may be lost if you switch funds so it’s about weighing up all the pros and cons and balancing the best option for you and your situation.


3. Set up an SMSF

There is a cost involved in setting up an SMSF – but it can pay off brilliantly. Professional advice is recommended as it is a confusing area and fund trustees have many legal responsibilities. Your own personal circumstances might be ideal – but be sure to talk to your accountant before deciding.


4. Start young and save as much as possible

If you’re nearing that golden retirement stage of life, topping up your super in a major flurry probably won’t make much difference at this point but if you’re at the younger end of the age spectrum, it’s the best possible time to plan your future financial security.

The fact is that compounding interest really can be a golden goose and the earlier you start saving consistently, the more you will benefit in years to come. Consistency is key – even if the amount is relatively small.


The important lesson here?

By taking control of your superannuation, you are helping yourself create the best possible chance at a positive financially secure future. To help you increase your savings potential, look at your budget and find ways to save – anything from shopping for a better interest rate on your mortgage, to finding a better deal on your car insurance or personal loan. When it comes to saving, every little bit helps.


So, what are you waiting for?

If you need advice for a home loanbusiness or commercial loanself-managed super fund loan, or an investment home loan, speak to a broker at Lending Specialists. We have a wealth of experience under our belt and a robust network to connect you to the right industry professional for the loan you need.



Money saved on a property purchase might mean the difference of tens of thousands of dollars on your next home loan – and that means more money to spend on other things you love. If you’ve ever worried that housing affordability in the big city feels too far out of reach, you may have considered relocating to a regional centre.

For many Australians, the move away from the metropolitan mayhem can be purely positive – but it’s important to do your research to make sure it’s a move you’ll love.

Before you trade your urban life for lifestyle in the regional fringe, ask yourself some important questions:


What are some good reasons to move to regional Australia?

The idea of more affordable real estate is definitely attractive. And getting away from the big city pollution and traffic snarls can also be another bonus.

If you grew up in the country, then moved to the city for education or work opportunities, the years when you are approaching life with your own young family might seem like the ideal motivation to make the shift back to give your own children a taste of your relaxed childhood freedoms in the fresher air. Or, if you have adult kids who have moved out to start their own lives you might want to retire back to your hometown, to be close to your own elderly parents. There are lots of very personal reasons behind people considering a move to a smaller regional centre and what’s right for you will depend on your own personal circumstances.

If the reason behind your long-term move is the search for a more low-key lifestyle, make sure you spend some time in that town of your dreams to ensure it is everything you hoped for. And if real estate reasons are your driving force, be sure to understand that what is affordable going in will also be someone else’s version of affordable when you try to sell. The reality of real estate in rural and regional regions is that it does take longer to sell – sometimes years if the property is unique. Be sure you have a clear exit strategy that works for you.


Employment Opportunities in Regional Australia

Although the broader perception is that there are less job opportunities in regional locations, the truth is that a growing number of large companies are relocating, or setting up regional divisions – and that the transition up the career ladder in many of these companies requires executive level employees to do a regional stint.

If that’s you, just be sure to think about what your options are if you pack up your entire life, then realise you do not enjoy the workplace culture – or the company makes you redundant. By the time your children are settled in and everyone in your family wants to stay there forever, finding another job at the same level as your previous role will be difficult – and could be impossible.


Consider The Other People In Your Life

Even if you don’t have children yet, making a big move – especially one that includes a new mortgage or car loan or other financially-related commitments – may not just be about you. You might have a partner to consider too. If your move is for work purposes, you’ll need to look at what opportunities there are for your partner to work in a fulfilling role too. Because even if they say yes in the interests of supporting your career right now, the reality is that life for them may become boring fast if they cannot find something they love doing in your new regional home.


Research Matters

Moving anywhere is a costly exercise – but doing it for the right reasons could end up being the best move of your life. Knowing your financial position is always a great foundation for any decision-making so surround yourself with a team of expert professionals and find the answer to suit your situation.


If you need advice for a home loanbusiness or commercial loanself-managed super fund loan, or an investment home loan, speak to a broker at Lending Specialists. We have a wealth of experience under our belt and a robust network to connect you to the right industry professional for the loan you need.