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Comprehensive and informative retirement solutions for Australians.

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Superannuation

Australian employees are entitled to compulsory superannuation contributions from their employers at a minimum of 9.5% of ordinary earnings. You’re also allowed to personally invest a portion of your employment income into your superannuation to build your wealth before you retire. Any returns from your superannuation investments are typically taxed at a concession rate. Superannuation brings with it peace of mind, knowing that you’ll have the finances to support you when you’re no longer earning an income. In fact, superannuation may be your main source of income during retirement.

The age that you can access your superannuation is set by law. Currently the minimum age to access superannuation is between 55 and 60, based on when you were born. Once you’ve reached the minimum age limit, you can then access your superannuation if you are permanently retired or 65 years of age.

Money coins

Learning how to grow your super will impact on the amount of money you have and how long you have to access it. You may take your superannuation as a lump sum or decide to draw down a regular income from your super. Either way, receiving the right advice will help significantly. Keep in mind that superannuation rules change periodically so it’s important to stay on top of these changes and reflect on how they will impact you in your retirement.