Superannuation is a key part of the retirement plan for every Australian. Here are some of the things you can do to ensure that your money is working hard for you.
How do you know if you have enough super?
While retirement always seems a long way off, a large portion of your dreams and future plans are going to be funded by your super balance.
There’s no right answer for the perfect amount of super; it depends on what you want to do in retirement. Plan to travel the world in a yacht? You might need more than average. Own your home and want to live out your days working in the garden? You might need less.
Our super projection calculator is a good way to get started thinking about the total you’ll want to have in your account when you do retire.
There are plenty of things that you can do to help your money grow in your superannuation account and make the most of your golden years.
If you’ve ever changed jobs or moved, you might have lost track of a superannuation account. That super account is still yours and still has your funds in it; however consolidating it with other accounts can save on fees and grow your balance more efficiently.
Have questions about contribution caps? Unsure of what to do with a sudden windfall? We are here to help. Call us on 1300 658 776 or click here to schedule a discussion with a financial adviser about your individual situation and needs.