Super tips for any age
To help you make the most of your super, we’ve developed a handy online Super tips tool.
No matter what age you are, there are things you can do now that will help to give you the lifestyle you seek once you retire. Simply select your age group below to get your super tips today.
18 to 30 years of age
When you are young, a few small decisions and actions can make a huge difference to your super later in life. The longer your money is invested, the more time you have to take advantage of compound interest. Compound interest simply means that you’re earning interest on your interest – and over time, this snowball effect can seriously boost your savings.
Tips to: Get your super off to a good start
31 to 40 years of age
By now you’re fairly established career-wise; you may have changed jobs a couple of times, or more.
You probably also have a few more responsibilities like marriage, kids and a mortgage. Super may be the last thing on your mind, but now is the time to make sure you’re heading in the right direction.
Tips to: Head your super in the right direction
41 to 54 years of age
Now is the time to take stock and make sure your super is on track. You’re getting closer to retirement, but it’s unlikely you’re ready to stop working yet. There’s still plenty of time to make a difference to your super payout.
Tips to: Refine your strategy to suit your retirement goals
55 years of age or over
Once you turn 55 you are eligible for extra tax benefits and can move some of your super to a pension. It’s important to understand the tax breaks and options that are available to you, so that you can make the most of your super savings.
Tips to: Take advantage of flexible options to boost your super