Super
14 March, 2025

Super isn’t just for old people

When you hear the word “superannuation,” do you picture retirees caravanning around Australia or enjoying long stints of beach life? If so, you’re not alone. Many young people think of super as something to worry about later. But the reality is, the sooner you engage with your super, the better off you’ll be.

Here’s why super isn’t just for old people—it’s for everyone.

 

1. Super is your money

It’s easy to think of super as money you’ll never see until retirement, but it’s actually your money. Every dollar your employer contributes belongs to you, and the choices you make now affect how much you’ll have later.

 

2. The earlier you start, the more you benefit

Super grows through compound returns, meaning the more time your money has to grow, the bigger your retirement fund will be. Small contributions in your 20s and 30s can make a massive difference by the time you retire.

 

3. You can make it work for you

Did you know you can choose how your super is invested? Many funds offer different options, from high-growth to sustainable investments. By getting involved now, you can make sure your super is working in a way that aligns with your values and financial goals.

 

4. Free money from your employer and the government

Employers must contribute at least 11.5% of your salary into your super, which adds up quickly. Plus, if you make voluntary contributions, the government may match them with co-contributions—free money that boosts your balance.

 

5. It’s a safety net for the unexpected

Many super funds offer insurance options, including death and income protection insurance. This means your super can provide financial security if something unexpected happens, making it more than just a retirement fund.

 

6. The sooner you check it, the more you can fix

Have multiple super accounts from past jobs? You could be losing money on unnecessary fees. Checking your super now helps consolidate accounts, reduce fees, and ensure your money is in the best place.

Super isn’t just for people approaching retirement—it’s a powerful financial tool for everyone. Engaging with your super now means more freedom and security in the future. It’s your money, so take control today and set yourself up for long-term success.

Check out our events and webinars page to take your super knowledge to the next level. Our sessions are informative and easy to register for, and you can do it all from the comfort of your own place – what are you waiting for?

 

 
Information correct as at 1 March 2025.

 

 
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