Here are our top 5 tips to help you stay on track.

1. Pay yourself first

One of the best ways to grow your super is to treat it like any other business expense. Set aside a percentage of every payment you receive and transfer it to your super fund. Aiming for at least 11.5%—the current employer super contribution (SG) rate—is a good starting point.

2. Take advantage of tax benefits

Contributions to your super can be tax-deductible, which means you can lower your taxable income while saving for retirement. The government also offers co-contributions for low and middle-income earners who add to their super voluntarily. This is essentially free money to boost your retirement savings.

3. Automate your contributions

If remembering to transfer money into your super is a challenge, consider automating your contributions. Many banks and super funds allow you to set up direct debits, making it easier to stay consistent without thinking about it.

4. Consider income protection

Unlike employees, freelancers don’t receive sick leave or employer-sponsored benefits. Income protection insurance can provide financial support if you’re unable to work due to illness or injury. This can be a smart way to safeguard both your income and your retirement savings.

5. Invest for the long term

Because super is a long-term investment, the earlier you start contributing, the better. Even small, consistent contributions can grow significantly due to compound returns. The key is to start now, no matter how small the amount.

Freelancing might give you financial freedom and lifestyle flexibility, but it also comes with the responsibility of managing your own super. By making regular contributions and taking advantage of tax incentives, you can still build wealth for your future—even without a traditional employer. And taking control of your super today means a more secure retirement tomorrow.

Need help? 

Our super experts are here to help you understand your contribution options and the pros and cons of each, including the tax implications. Give us a call today on 1800 005 166.