Most Aussie workers have at least one superannuation account. They’re more common than super powers!
Superannuation is most commonly referred to as super in the land of Oz. The federal government view is that your super is meant to fund your retirement, yet for most Aussies have no idea of what their ‘super’ investments are meant to be doing for them.
Super is your asset, even if you don’t think of it that way, so you should take an interest in even if you don’t think it’s worth worrying about.
Aussie bosses have a legal obligation to make at least four contributions annually to your future wealth. One of the biggest things you can do is to check your super statements to ensure your employer is making regular contributions to your super. Contributions have to be made at least quarterly, by no later than the 28th day after the end of each quarter.
Consider putting your super investments to work for you. Super is designed to help you build wealth and have options in retirement you wouldn’t have otherwise. Want to know how it might be possible to enhance your future lifestyle? Give us a call on 0407159298. to find out how you can make your super work for you.