Thinking of Retiring?
The key to achieving financial independence in retirement is to save hard throughout your working life. And the best and most tax-effective way to save is through superannuation.
As an employee, you’ll already be receiving compulsory employer super, but it’s important to ask yourself whether this is enough.
Employer super is a step in the right direction but it may not be sufficient for a retirement free of money worries. What you get when you retire may fall short of what you need.
A recent study* showed that a couple would need about $53,565 per year to live comfortably in retirement. For an individual, the annual sum would be $39, 159.
Experts generally agree that you’d need between 60%-80% of your pre-retirement income for a comfortable lifestyle in retirement.
Are you on track to accumulate these amounts?
