SUPM047 What happens to my superannuation if…? (577 words)

This article discusses how major life events can impact your superannuation and how you can protect it. It highlights the importance of beneficiary nominations, legal considerations, and seeking professional advice to ensure financial security in retirement.

The introduction of compulsory superannuation in 1992, embedded the concept of retirement saving into our investment psyche.

While Australia’s superannuation scheme has its complexities, the idea is simple: regularly contribute a percentage of earnings to a complying superannuation fund to provide financial support upon retirement.

Well, that’s the plan. But what happens if your savings strategy is disrupted before you get to retirement?