Welcome! It’s great to have you with us.
Below are some common questions our new members generally ask. The good news is each should only take a few minutes to action if you need to!
Unless this is your first job, you may have more than one super account, each of which is charging you a fee.
The good thing about getting all your super into one fund is that it’s one of the best ways to potentially reduce the fees you pay – which means more money staying in your account! We can help you get started – just like we’ve helped thousands of our members do the same.
And if you're unsure where your other super may be, don’t worry – we can track down super you’ve lost or didn’t know you had.
Insurance is an important part of your super but it’s often overlooked. If you can’t work due to sickness or injury, become totally and permanently disabled or die, having insurance can help support your loved ones financially.
Insurance cover through super may be cost-effective and tax-effective as premiums are paid from your super account rather than your take-home pay.
Depending on your type of membership you may have received some cover automatically. It’s important to know how much insurance you currently have and compare that with how much you actually need, especially if your only insurance is through your super fund.
The good news is your Accumulate Plus account lets you tailor your insurance according to your needs, so when your life changes, your insurance cover can as well. Learn more about our types of insurance cover.
Keeping track of your super online is easy with our secure member site, FirstNet – you can view your account and investment details, and perform some online transactions. Simply visit our Member login page and choose ‘Accumulate Plus’.
Enter your Online Identitification Number (OIN) and password that were provided to you as part of your welcome kit to access your account. If you’ve lost or forgotten your OIN or password, they can be easily retrieved by clicking the link on the login screen.
If you have a Commonwealth Bank NetBank ID, you can also see your super balance in NetBank and the CommBank app, providing you haven’t opted out.
Your super is likely to be one of your biggest assets so it’s important to ensure it ends up in the right hands if something were to happen to you. A simple way to do this is to nominate a beneficiary for your super account, because super doesn’t automatically form part of your Will.
Once you make a valid nomination, this means we must pay your death benefit to the person or people, or your estate, that you’ve nominated. If something happens to you and we don’t have a beneficiary nominated, we have discretion to decide which of your beneficiaries receives your super.
Checking off the four actions above will certainly help get your super sorted but how do you really know if you’ll have enough super to provide you the income you want in retirement?
That’s where our 5 Minute Workout can help – simply enter your age, salary and super balance into the retirement calculator to get your projected retirement income.
If the results aren’t quite on track, there are some additional actions you can take to boost your super and retirement income.
Your retirement may either be a distant thought or just a few years away, but it’s never too early (or late) to think about topping up your super. (Source: CommBank)
Find out how much super you’re likely to have when you retire (Source: ASIC MoneySmart)