SUPGEN024 A Self-Employed Superannuation Guide (756 words)

This article explores superannuation for the self-employed, defining who a self-employed person is, and highlighting the shocking statistics on how few contribute to super. It also provides insights into the benefits of super for the self-employed and uses a simple roadmap to explain how to get started.

When you're at the helm of your own business, it's easy to get caught up in the whirlwind of the present – chasing sales, generating leads, and growing your business. Often, self-employed people prefer reinvesting back into their businesses, hesitant to stash money away in superannuation. Yet, there's a compelling case for setting aside a slice of your earnings.

The facts don’t lie

At present, self-employed Australians are not required to contribute to superannuation.