Watch FIFA World Cup 2026™ LIVE, FREE and EXCLUSIVE

Opt-in superannuation insurance premiums

Australians were spending 3 billion dollars a year on insurances they may not all need, as part of their superannuation.

Source: Getty Images

Superannuation members with low balances or under the age of 25 will now opt-in to insurance premiums, to ensure their accounts don't disappear from the costs.


You can read this article in English here


Share

News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS Arabic

Download our apps

Listen to our podcasts

Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS

Arabic Collection

Watch SBS On Demand

Watch now