Worried about your super? 4 things to check right now

Between the superannuation hacks and billions being wiped from the share market there's a lot going on with super right now. Here's how to stay on top of it.

In the past couple of weeks we've seen billions of dollars stripped from the local share market resulting in lower super balances, thanks to Trump's global tariff announcement.

We've also seen hundreds of thousands of dollars stolen from several of the country's biggest super funds in cyber attacks.

It's safe to say it hasn't been a good month for super so far.

And while you definitely don't need to panic, there are some simple things you can do to help protect your balance.

1. Make sure your super account is secure

AustralianSuper, Cbus, Hostplus, REST and Australian Retirement Trust were among the super funds to be targeted by cyber attacks which resulted in some members having money stolen from their account.

Whether you're with one of these funds or not, you should log in and check your super balance has not been impacted (and if you notice anything weird, report it to your fund immediately).

Next, make sure your account is secure by changing your password (make sure it's unique to your super account) and enabling multi-factor authentication if this is available.

Be extra vigilant at the moment with any communication or requests you receive related to your super, be this via email, text or phone call, as the chance of more scam activity is very high.

2. Check your super fees

While you're checking your account, it's a good time to see what fees you're paying.

With ongoing share market volatility it's likely that super balances will fall for a while yet, and if you're paying high fees it's only going to make your balance worse.

As a general guideline, annual superannuation fees that are less than 1% of your balance are considered quite reasonable. For example if you had $50,000 in your super and your total fees for the financial year were less than $500, that's not bad.

If your total fees are a lot higher than this, consider switching to a fund with lower fees.

You should be able to see your annual fees by checking your last full year statement (you get this from your fund around tax time).

3. Check your investment option

Have a look at what investment option you're currently in, and whether or not this suits you for the stage of life you're at. But importantly - don't make any investment changes out of fear at the moment.

It's highly recommended by most industry professionals to avoid switching out of a growth or high growth option into a low risk option after the market has already fallen (which it definitely has!).

If you do this, all you're doing is locking in that loss and also putting yourself at risk of missing out on the rebound when the market recovers (which it always does).

"Even the best professional investors only make six correct investment decisions out of every ten. So rather than try to compete with them, remember that superannuation is about playing the long game; rather than trying to time the market, it's about time in the market," superannuation literacy expert Pascale Helyar-Moray told Finder.

That said, it's never a good idea to stick around with a low-performing, high-fee super fund. So if your super isn't performing well over the long term (not just right now!) it could be worth comparing your options and making the switch.

4. Make sure you only have 1 account

Lastly, make sure you only have one super account open in your name. If you've got more than one you're just paying multiple sets of fees unnecessarily.

You can check by logging into your myGov account online, going to the ATO service and clicking on the Super option. You'll see your current accounts and balances, and can choose to consolidate them.