How much super is enough?
May is here, and as the weather begins to cool the political climate is heating up.
As the federal election draws near, the spotlight is on the nation’s hip pocket and future prosperity. That makes this a good time to take a closer look at our retirement savings.
We all know we need to save for retirement and that the compulsory super contributions may not be enough to support our dream retirement. What is less clear is how much super is enough. In this snapshot, we discuss the factors you need to consider when setting a retirement savings target. We also look at how your balance compares with others in your age group and tax-effective ways to boost your super before the end of the financial year.
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