Thinking about adding to your super but don’t know where to begin? The good news is building your super can be simple and even small things you do now to boost your super balance can reap rewards later.
Making additional contributions to super doesn’t have to mean a huge financial sacrifice. In fact, making small additional contributions over time can be more effective than stepping up your saving as you near retirement.
The magic of compound interest, where you earn interest on your interest each year, means your investment will act like a snowball–the longer it’s left to run, the bigger it gets.
There are many ways you can grow your super balance, including making additional contributions through salary sacrifice, taking advantage of the Government co-contribution scheme if you are an eligible low to middle-income earner or adding to your spouse’s super.
We take you through all these strategies to help you find the one that is most suitable for you.
Making pre-tax contributions to super is one of the simplest and most effective super saving strategies.
If you are a low to middle income earner, you may be eligible for a Government contribution to your super fund.
Have you kept track of all your super? If not, there are ways you can find your lost super.
Find out how to add to your spouse’s super to grow their retirement nest egg.