Level Up Your Life
Level Up Your Life
superannuation
Sarah Basford Canales
The new financial year is upon us, and there’s never been a better time to think about starting on the right foot with superannuation concessional contributions. Experts suggest that to retire comfortably, you’ll need at least $1 million in superannuation. However, according to Industry Super, the current average super balance…
Consolidating your superannuation isn’t just about convenience – it can result in thousands of dollars in extra savings. According to a recent study from the Association of Superannuation Funds of Australia (ASFA), the average person needs $42,953 a year to live comfortably in retirement. In other words, every dollar counts!…
The government’s new retirement incomes review will need to work quickly. On Friday Treasurer Josh Frydenberg said he expected a final report by June, just seven months after the issues paper he wants it to deliver by November. The deadline is tight for a reason.
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