What could be more important than a comfortable retirement, enjoying the benefits of your hard-earned labour over the years?
Taking an active interest in your superannuation early is critical to ensuring you can achieve this goal. How much you need to enjoy a comfortable lifestyle in retirement will depend on factors such as your life expectancy, your accumulated assets and your expectations. Chances are your employer contributions are not going to be enough and you may need to look at making additional contributions.
The good news is that if you start early, even minimal personal contributions will make a significant difference to your retirement income. Personal contributions to your superannuation can be made from your pre-tax salary (salary sacrifice) or from your post-tax salary. Note different taxation rules apply to each method of contribution. Depending on your financial situation, one may be better for you.
Having the right superannuation strategy in place today is absolutely essential to a comfortable retirement.
