Written by Victor Idoko. Narrated by AI.

Most Australians know they have super.

They know their balance. They may even salary sacrifice regularly.

But some of the most expensive super mistakes are the ones that don't show up on your statement until it's too late.

In this episode, Victor Idoko explores five common super mistakes that can quietly cost Australian professionals significant amounts of money, protection, and future flexibility.

The problem isn't usually carelessness.

It's that super is built around defaults—and defaults are rarely designed around your family's specific circumstances.

In this episode, you'll discover:

• Why staying in default investment settings can be costly over time

• How duplicate super accounts can create unnecessary fees and overlapping insurance

• Why default insurance inside super may not provide enough protection for your family

• Why TPD definitions and income protection benefit periods matter just as much as the amount of cover

• Why your will does not automatically determine who receives your super

Victor also explains:

• Why beneficiary nominations need regular review and may lapse

• How tax treatment can differ depending on who receives a super death benefit

• Why relying entirely on super can create problems if you want to retire before 60

• How concessional contribution caps and carry-forward provisions can be used as part of a couple's strategy

• Why balancing super between partners can become increasingly important as balances grow

The episode concludes with a practical one-hour super audit, covering four areas:

10 minutes: Check your accounts, fees, and investment options.

20 minutes: Review your insurance amounts, TPD definitions, and income protection benefit periods.

10 minutes: Check both beneficiary nominations and ensure they align with your estate plan.

20 minutes: Review contribution caps, carry-forward amounts, and the balance between partners.

Because the biggest super mistake isn't failing to contribute.

It's assuming that once the money is inside super, everything else will take care of itself.

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