Superannuation

Superannuation is generally intended to help fund your retirement, but there are instances where you may also be able to withdraw your super savings early, depending on your situation.  

For many people, super remains a highly tax-effective structure to hold investments for the accumulation of retirement savings, as well as maintaining their risk/insurance protection.

Below are the average super balances for different age groups in Australia so you can see how your super savings compare.

A healthy super balance can be a key ingredient in being able to live the life we want in retirement. But for many people, retirement is a long way off, and it can be hard to know if your super is on track. If you’ve been asking yourself – how much super should I have at my age? – read on to find out.

If your spouse is a stay-at-home parent, freelancing, studying or out of work, adding to their super could benefit you both financially. 

The time is now! Embrace the changes and benefit before it’s too late

What is Superannuation and what’s so super about it?

"For many of us, building a sufficient superannuation balance for retirement is likely to be the most important thing we can achieve in our working life.

After all, the quality of your lifestyle in retirement depends largely on how much you contribute to super, and the investment choices you make.

In 1930, Harold Bell Lasseter claimed that when three decades earlier he rode on horseback from Queensland to the West Australian goldfields, he stumbled across a huge gold reef.

Over the next 80 years, scores of expeditions set off to the region near the border of the Northern Territory and Western Australia, but no-one ever found a sliver of evidence of the socalled Lasseter’s Reef.