Q: I am 61 and have never made contributions to super. My annual income is $96,000 and my employer contributes $369.80 a fortnight to super. I do not own my own home and rent a house. My partner does not work anymore and also has no super. He does have $300,000 invested in a term deposit. I plan to work until I am 65. What should we do? Put the $300,000 into my super? Buy a flat and continue as is? Buy a flat and start contributing as much as possible to my super?
I am unable to assist you with this question because it would constitute advice. What I can say is that retiring and renting when relying primarily on the
It may be worth you contacting
Home ownership and extra savings or superannuation to supplement the Age Pension is the most popular scenario in retirement.
