Managing your super
Access denied
Introduction
In this activity, students develop an understanding of the need to manage their superannuation throughout their working life and the potential financial costs of not doing so, particularly in relation to having multiple super accounts. They learn that they can check and manage their superannuation accounts by setting up a myGov account.
This activity contributes to the following outcomes.
A student:
- applies consumer, financial, economic, business, legal, political and employment concepts and terminology in a variety of contexts COM5-1
- develops and implements plans designed to achieve goals COM5-6
- explains information using a variety of forms COM5-8
- works independently and collaboratively to meet individual and collective goals within specified timeframes COM5-9.
Related Stage 4 outcomes: COM4-1, COM4-6, COM4-8, COM4-9
Related Life Skills outcomes: COMLS-7, COMLS-12, COMLS-13
Content descriptions
Core 1: Consumer and Financial Decisions
Current issues
Students:
- investigate a current issue that influences the decisions consumers make, for example:
- management of personal superannuation, e.g. tracking and consolidating lost superannuation accounts.
Teacher resources
In order to see the resources you must Register or Login if you already have an account.
Too many super accounts
Student learning resources
In order to see the resources you must Register or Login if you already have an account.
Managing your super
Consolidating your super funds
Other resources you might like
Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group. The activity was written for students in Stage 5, however it can be modified to suit the needs of Stage 4 students and Life skills students. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
- Play: Too many super accounts: This video explains that having one super account makes it easier to keep track of your super – with myGov you can view and combine all your super accounts.
- Read the explainer as a class. Alternatively, have students read the explainer individually or in pairs and encourage them to take notes using the Cornell note taking system.
- Students complete worksheet.
- As a class, discuss the difference consolidating super accounts can make.