7 News – Business ·business ·2 hours ago

Australians risk losing $250,000 by ignoring superannuation statement details

Australians receiving annual superannuation statements should carefully review account balances, employer contributions, investment returns, and fees rather than filing them away, Canstar Data Insights director Sally Tindall warned Tuesday. A 30-year-old in a fund earning 7.5 percent annually versus 6.1 percent could accumulate nearly $250,000 more by retirement.

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Published 16 Oct 2026, 23:49 UTC · Updated 16 Oct 2026, 23:50 UTC

Summary by OZbrief Editorial. Original report: 7 News – Business. Editorial policy · Corrections