HOW MUCH SUPER IS ENOUGH?

How much super is enough to set you up for retirement? It depends on what kind of retirement you want.

The Association of Superannuation Funds of Australia (ASFA) suggests that in order to have a ‘comfortable’ retirement – one in which you can afford an annual holiday, regular meals out, regular hair cuts and improvements to your home – single people will need $545,000 in retirement savings. Couples will need $640,000.

You may have different aspirations for your retirement. To find out if you are on track to support your desired retirement lifestyle, you can use the ASFA Retirement Tracker.

You may use this tool and decide that you are on the right track or you may need to grow your super more than projected. For more information, visit How super works and Grow my super.

ADVICE YOU CAN TRUST

At First Super, we have a team of Financial Planners^ who can help boost your super savings and plan for tomorrow. Contact us to make an appointment today.

This is a sponsored advertising promotion by First Super Pty Limited (ABN 42 053 498 472, AFSL 223988) as trustee of First Super (ABN 56 286 625 181).  This publication may contain general advice which has been prepared without taking into account your objectives, financial situation or needs. You should consult the Product Disclosure Statement (PDS) firstsuper.com.au/pds before making any investment decision. Before making a decision to combine your superannuation, you should consider any costs, change to insurance cover or loss of benefits that may apply and, if necessary, consult a qualified financial adviser. Past returns are not a reliable indicator of future returns. Content was accurate at the date of issue in July 2020, but may subsequently change. Please contact First Super on 1300 360 988 for updated information or to obtain a copy of the PDS. No commissions or fees are paid to NZRelo as part of this promotion, apart from advertising costs.

 

^Financial Advice will be provided by Industry Fund Services Ltd (IFS) (ABN 54 007 016 195, AFSL 232514), or an IFS Authorised Representative.

CONTACT US

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