We can help too

For all your super related questions regarding COVID19, don't hesitate to call us on the following numbers.

Member hotline
1300 300 820

Employer hotline
1300 304 947

Retirement hotline
1300 017 589

Government apps for Android and Apple

Stay informed. Download the official government Coronavirus Australia app in the Apple App Store or Google Play, or join the Government's WhatsApp channel on iOS or Android.

Useful sources of COVID19 information

WORLD HEALTH ORGANISATION provides information and updates on the Coronavirus disease (COVID) outbreak both internationally and in Australia.

Visit now >

ABC CORONA DAILY PODCAST 
10 minute podcast providing an updates each day

Visit now >

AUSTRALIAN GOVERNMENT DEPARTMENT OF HEALTH provides the latest information about the spread of COVID-19 and the steps being taken to slow the spread.

Visit now >

VICTORIAN STATE GOVERNMENT HEALTH AND HUMAN SERVICES  provides regular updates.

Visit now >

NEW SOUTH WALES HEALTH AND HUMAN SERVICES provides regular updates.

Visit now >

Cheer yourself up with these links

Isolation can be hard. Here are some light hearted links that might help you through. The Australian comedy group The Chaser and the US site The Onion feature regularly updated online articles. British comedian Ricky Gervais is broadcasting regularly on Twitter and US comedian Stephen Colbert's home videos are also worth a look. For those with a literary bent, actor Patrick Stewart is reading a Shakespearean sonnet a day.  

How to keep physically and mentally fit

9 Practices To Help Maintain Mental Health During The Coronavirus Lockdown 
Learn more >

5 tips to mind your mental health during the coronavirus lockdown 
Learn more >

Great Ways to Work Out Indoors 
Learn more >

The FBI’s Physical Fitness Test app is an informative and interactive way to train like an agent. 
Learn more >

 

What should I do with my super?

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22 April 2020

Remember that super is long term

We understand many are concerned about the state of the economy including its effect on your super. We encourage you, however, to remember that super is a long-term investment and while we have recently seen negative returns they are often followed by years of strong returns and performance

If retirement is far away

For our members whose retirement is in the distant future the answer to what you should do with your super is: consider doing nothing. Market downturns, whatever their catalyst, is the norm because it is the nature of investment markets to go up and down. Like the October 1987 crash, the bursting of the tech bubble in 2001, 2008 global Financial crisis and the September 11 terrorist attacks. 

If you have 15, 20 years or more until retirement, this downturn is one of many you will likely experience during your working life, and one of the benefits of riding out the short-term market turmoil is higher long-term returns. It also provides an opportunity for Vision Super’s investment team to acquire assets at lower prices on behalf of members.

If you are, however, worried about the market conditions you can log in to Members Online or the Vision Super app to check your account to see your investment options and also have a look at our PDS and How we invest your money guide to find out more about your investment options. Please think carefully before making any decisions and if you would like to speak with us you can call 1300 300 820, or you can book a financial planning appointment online.

Approaching retirement or already retired

Super is usually a long-term investment, even if you are close to retirement or already retired. We understand if you are seeing your balance decrease you may want to switch to a more conservative option but for your balance to last as long as possible our answer to what should I do with my super is: before you make any changes to your investment strategy, please get professional financial advice.

The best way to ensure that you are in the right investment option is to discuss your risk profile with a financial adviser. They will be able to recommend the option that’s best suited to your circumstances and needs.

If you do decide to switch to a more conservative option, please be aware:

  1. Moving to a more conservative strategy now, after markets have declined, will lock in losses
  2. And a more conservative strategy by its nature delivers lower long-term returns and is not likely to capture the full benefit when share markets eventually (and inevitably) recover.

To book an appointment with a Vision Super financial planner, complete the online form or call the Contact Centre on 1300 300 820 to arrange an appointment. Advice on certain single superannuation issues like your investment option can usually be provided at no cost to you.

But no matter how near or far retirement is for you before you make any changes with your super investments, you should consider your personal objectives, situation and needs. Also read through the relevant Vision Super Product Disclosure Statement(s).

General advice warning

This article includes general information and does not contain any personal advice. It is provided for general information only, to help you understand the investment switching and the current market volatility. The information does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and your personal circumstances before acting on it and, if necessary, you should seek professional financial advice.

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