Personal superannuation is money that’s put aside and saved while you’re working, so you can enjoy a regular income later in life when you retire. These days, the average Australian may expect around 20 years of retirement. By investing money in a superannuation fund, you’re building a nest egg to live on when you’re no longer earning a wage. And the more you put away now, the more you’ll be able to spend in your retirement.
Whether you’re just starting your career, raising a family, preparing for life after work or starting your retirement, it’s important to seek financial advice. While there are many strategies to consider, the key is to start planning as early as possible so that you can maximise the opportunities offered by:
- salary sacrifice
- concessional and non-concessional contributions
- super splitting
- government co-contributions
Financial Decisions can help make sure you’re not missing out on opportunities to grow your superannuation to ensure your retirement goals are attainable.
