UniSuper statements are on their way

Regardless of who you are or where you live in Australia, if you’re a UniSuper member there’s one thing you’ll have in common with many of your colleagues this month. You’ll soon be receiving your bi-annual superannuation statement, either by email or mailed to your postal address.

Reading and understanding the statement is crucial in taking control of your financial fitness. Here is a quick rundown of what you’re likely to find and why it's important:

• Investment options and performance – this is the part of the statement that your attention is likely to gravitate to first. This tells you how your fund has performed over the last six months.
• Insurance cover – have a good look at your cover and make sure that it’s sufficient for your needs and circumstances. Also ensure that your beneficiary details are up to date.
• Defined benefit calculation (for members of the Defined Benefit Fund) – this provides a breakdown of how your defined benefit component is calculated, giving you a better understanding of what the benefit formula means to you.
• Fees – your statement will list any of the fees that UniSuper deduct from your super savings to make up for the cost of running the fund.

To better understand the statement and superannuation details you can book an appointment with a UniSuper Super Consultant. If you have any questions about your statement, or want to get a better understanding of superannuation, you can call the UniSuper Member Service Team on 1800 331 685 or visit their Tools and Learning webpage.