The amount of super YOU need to retire will depend on your personal circumstances, financial resources both inside and outside super and your lifestyle. So before you set an arbitrary super target, block out the fearmongers and think about the big picture.
Women and super
Women retire with less super on average than men because they earn less, so receive lower compulsory employer contributions, and are more likely to take time out of the paid workforce to care for family.
Women also live longer than men, so their retirement savings need to stretch further, and their super can particularly suffer in the event of a divorce.
Learn more about the key issues for women and super in the following SuperGuide articles:
Set out below are all SuperGuide articles that relate to Women and super.
How is super split in a divorce?
When couples divorce, super is often overlooked in favour of more readily accessible assets. While that’s understandable, ignoring super can result in serious financial disadvantage in the long term. Get the lowdown on what happens to super in the event of a relationship breakdown.
How long you can expect to live, and what it means for your super
Life expectancy is a complex topic, so we’ve put together a straightforward guide to help explain the key concepts – enabling you to plan your retirement with a bit more confidence.
What is the Pension Loans Scheme, and how does it work?
Retirees are always looking for new ways to boost their retirement income or to pay for expenses, like home care. Although downsizing to a small home can be one option, the Pension Loans Scheme (PLS) offered by the federal government is a rarely considered alternative.
Reverse mortgages: What are they and how do they work?
If meeting your retirement expenses is proving difficult, reverse mortgages are available to people aged 60 and over. We take a look at some of the benefits and drawbacks of this complex financial product.
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Super funds with the lowest fees for life and TPD insurance
Despite concerns that life insurance premiums inside superannuation are set to rise as a result of new legislation making insurance opt-in for members under 25, inactive accounts and balances below $6,000, there is little sign of this happening.
Super funds with the lowest fees for income protection insurance
Paying too much for Income Protection insurance inside your super fund can cost you dearly, eating into your retirement savings without necessarily improving your cover.
Is super better or worse than ever?
Super for Aussie workers has come a long way in the last 150 years. We look at the highs and lows of super since it was first put in place to see if it still stacks up.
Single women and super: How 3 women beat the statistics
If you’re single and a woman, then the super stats are stacked against you. But you can still come out winning in the super stakes if you do what these three smart women did…
Learn to love LISTO: Low income earners get their super tax refunded
It’s getting harder to pocket a tax refund these days, so when the Government is offering one for your super contributions, it’s worthwhile knowing just how you much you are likely to get.
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When should I retire?
The decision about when to retire is rarely made overnight. It’s a major life event and deserves careful thought and planning. Finances play a big part, but so do your health, your partner’s circumstances and whether you still enjoy your work or are itching to leave.
What are the super and Age Pension rules for same-sex couples?
It was not that long ago that same-sex couples and families were treated differently to other couples and families for income tax and super law purposes.
Women come out on top in the battle of the sexes for super
New research shows investing in a super fund with more women at the upper echelons could increase balances by as much as $55,000 at retirement.
2019 Federal Election: ALP policies on super, tax and retirement
The 2019 Federal Election has been announced for 18 May, and the ALP are now presenting their campaign policies to the nation.
Contribution splitting: How to boost your spouse’s super
Topping up your spouse’s retirement savings account with some of your own super contributions can be a great way to help them save for life after work – and possibly save yourself some tax in the process.