Making your super last

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Making your super last

Australians are living longer than ever. In fact, you could be retired for more than 20 years. That means your super needs to last longer, too. 

One way to boost your balance is by making additional contributions if you can1.

Ways you could boost your super balance in the lead-up to retirement.

  • Add to super before tax through salary sacrifice
  • Add to super after tax from your take-home pay
  • Your partner adding to super

Our easy-to-use Super Projection calculator can help by: 

  • working out if you’ll have enough income for your retirement needs
  • estimate how long your super could last
  • see the difference adding to your super now could make to your retirement in the long run.

3 simple ways to save more super before you retire

In the lead-up to retirement, you can continue to boost your super balance.

Making extra contributions can help boost your super balance and potentially save on tax - if you are in a position to do so. Your super balance also stays invested so any investment returns you receive benefit from compounding returns too. Picture this: A snowball rolling down a hill; it may start small, but it grows the longer it rolls. That’s because it’s adding layer after layer. The snowball represents your balance, and the layers represent the compound returns over the long term.

Making extra voluntary contributions to your super account can have a big impact on your final super balance and your retirement lifestyle. Explore 3 simple ways you can add more to your super1 .

Grow your super in retirement

You've worked and saved hard to build a super nest egg for your retirement. Now that you’re starting to think about the next stage of your life, it’s important to think about how you want to manage your money. You could be retired for more than 20 years, so choosing an option which could help grow your savings is something to consider - and could help your super last throughout your retirement. 

Planning your retirement means taking stock of your super and deciding how to manage your finances. For many people, super plays a key part in funding their retirement years. 

There are several options to manage your retirement savings. Here are four options to help manage yours. 

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Need more help?

Got a question about super or retirement? Head over to our Help & Support centre for our frequently asked questions directory and more help options.

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