SUPM046.doc
In this article we specifically focus on low income earners, reinforcing that even a modest balance can make a big difference in retirement and listing six tips to assist in growing their superannuation savings. The article finishes with a recommendation to seek professional advice.
While it's easy to be discouraged by superannuation and fear you will never have enough money saved to stop working, remember even a modest superannuation balance can make a big difference in retirement.
For every $100,000 saved in superannuation, you can expect these funds to generate a return of 6%, or $6,000, a year. When this is paid out as a pension, it equates to $500 a month tax-free. Of course, this is doubled if both you and your partner have $100,000 each in super. Depending on your overall financial situation, this can be paid in addition to you receiving a full age pension.
Here are six super hacks to help you maximise your super balance:
To download and use this content, make sure you're logged in to the Library then hit the Download button.
No login details? Register here for full access.
Infographics are a great way to deliver information in an eye-catching format.
In addition to articles, the Financial Content Library has a range of infographics and social cards for you to use on your website and in your newsletters. They are perfect for sharing via social media.
We are offering a complimentary, professionally designed infographic for you to use copyright-free wherever you wish.
Ask (using the form) and you will receive!
Are you a qualified financial planner with hands-on experience and a passion for writing?
Yes? Click here to learn more about joining our writing team