What you contribute to your superannuation today will be the bread, butter (and hopefully retirement trips) you live out tomorrow. And while these days we’re lucky to have a contribution rate set by the Government, it’s important to remember that our future lies in our own hands, too.
The earlier you begin your retirement savings plan (regardless of how much you start with!) the better off you will be. It’s as simple as that. And with the help of a Financial Planner, achieving the lifestyle you’ve always dreamed of in retirement can become even easier.
Start small for big dreams
Starting your first job? Or maybe it’s your son or daughter beginning their working career? It’s likely to be around 50 years before you or your child is eligible to access superannuation. So, just think of the effect small contributions today can have on your future tomorrow.
Over those years, small regular superannuation contributions will make a huge difference to your super balance at retirement. But it’s important to remember, there’s a world of contribution and investment options available to increase your finances, and get you to your goals sooner. For those later on in life, alternate and additional superannuation options give a goldmine of choice for improving your lifestyle as you age.
A plan to suit you
Regardless of where you are in life, a MyState Financial Planner can give you superannuation advice on a range of topics, including:
- Your retirement savings goals.
- Salary sacrifice options (pre-tax contributions). These are a simple, cost-effective way of contributing more to your superannuation balance, and also offer plenty of tax benefits.
- Post-tax contributions. These can help ensure your payments don’t exceed the annual contribution cap.
- Spouse contributions.
- Split contributions.
- Superannuation asset allocation.
- Protecting your lifestyle through insurance in super.
- Retirement income streams.
- Account based pensions.
It’s never too early or too late to to start saving for your dream retirement. Every cent counts towards your nest egg.
With MyState’s help, we can help you set your plan, stick to it, and make the most of the tax and savings advantages superannuation
Calculate your future
Try our calculator below to see exactly how small contributions can have a big effect on your future.