S3_E30 It’s Not Too Late: Make Superannuation Work For You

💡 Superannuation might not be glamorous, but it’s one of the most powerful tools in your wealth-building toolbox. In this episode of My Happy Money Journey, Phoebe breaks down everything you need to know about super even if you think it's too late!

We talk about the real cost of ignoring your super, how to match your risk profile with your asset allocation, and why even if you’re within 5–10 years of retirement, it’s not too late to take control. Plus, Phoebe shares practical strategies like the transition to retirement pension, the carry-forward contribution rule, and how to audit your super like a boss.

Whether you’re catching up after a career break, planning to wind down work, or just want your super to actually perform, this episode is your permission slip to finally give it some love.

🧭 In This Episode, You’ll Learn:

• Why your super is not a set-and-forget savings account

• How your risk profile and asset allocation affect your long-term returns

• The five main investor types and how to know which one you are

• What the accumulation and pension phases of super are—and why they matter

• How to use a transition to retirement strategy to save tax and keep your income flowing

• The carry-forward rule (aka the catch-up contribution hack) to boost your super and reduce your tax

• How to audit your super account: check your investment option, fees, insurance, and contributions

• The difference between scraping by and retiring like a queen (yes, it can be that dramatic)

🔑 Key Takeaways:

• You can absolutely course-correct your super strategy, even in your 50s and 60s

• The “default” super option might be costing you thousands in missed growth

• Knowing your investing personality (aka risk profile) helps you make smarter, more aligned decisions

• The carry-forward rule is a tax-saving game changer—especially if you’ve had years off

• It’s your money. Let’s make sure it’s working for you.

👇 Resources & Links:

• Book a Happy Hour Session: phoebeblamey.com.au

• Super risk profile tools (check with your super fund or financial adviser)

• ATO Superannuation Caps Info: ato.gov.au

• More about the Carry Forward Rule: ATO Catch-Up Contributions

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