Now in it’s third year, this special Super Guide issue of Money magazine contains everything you need to know about super including a lowdown on the latest government changes that have now kicked in.
There’s plenty to be excited about with super, says Money editor Effie Zahos.
“Super is your money. Some of us are guilty of forgetting this. But whatever your thoughts on super it has, as Paul Clitheroe, Money’s chief commentator, says, all the key elements for wealth creation,” Zahos says.
“Even if you personally can’t afford to contribute to it there’s no excuse for not paying attention to what your employer puts in for you.
“Think of it this way. If you’re, say, a 34-year-old male, according to the Assocation of Superannuation Funds of Australia (ASFA) you should have around $36,373 in your fund. Would you turn a blind eye to that if it were sitting in an online saver?
“For women, unfortunately, it’s a little less. But there are ways to boost your super without having to put in a cent yourself.”
And if you’re in the drawdown stage then you’ll find plenty of useful information on how to set up and maximise your income.