Superannuation

What is Superannuation?

Superannuation or ‘super’, is money put aside by your employer over your working life for you to live on when you retire from work. Super is important for you, because the more you save, the more money you will have for your retirement. These days, the average Australian may be expect around 20 years of retirement. By investing in a superannuation fund, you’re building a nest egg to live on when you’re no longer earning a wage. And the more you put away now, the more you’ll be able to spend in your retirement.

Why is Superannuation important?

It is an effective way to save over the long term. Your superannuation is essentially money put aside for your retirement – your savings.

Superannuation is a long term investment, so every dollar you save could make a significant difference. After working hard for so many years, it’s important to enjoy your retirement. You may, for instance, have great travel plans for when you retire. It can be beneficial to supplement any Age Pension by drawing on your superannuation, for example as an income stream.

How Generation Private Wealth can help?

 

Choosing the right fund can result in more money when you retire.

You need to be confident how your fund will perform over the long-term which makes a big difference to your retirement outcome.

Most people can choose which super fund they’d like their super contributions paid into. You can go with your employer’s fund or choose your own.

Generation Private Wealth will compare super funds and account-based pension products, so you can feel confident in the future you’ve worked so hard for.

We focus on what that means for the net benefit of your super. This is what your overall financial position could be after investment earnings and fees