Starting work

Starting work

For those who are just beginning their career and may not have financial obligations such as children or a mortgage, the following super-related saving techniques may be helpful. The earlier you start saving the more you will have in your super so you can enjoy a comfortable retirement. The Savings Race shows how much more you can save if you start saving in your twenties as opposed to your thirties.

Checklist for those starting work

• Fill in a Superannuation Choice Form to choose which super account you would like your contributions paid
• Find your lost super through NGS SuperFind
• Consolidate your super into one super fund so you only have one set of fees to pay
• See if you qualify for the Government Co-contribution. If you qualify, consider an after-tax voluntary contribution to your super
• Consider salary sacrificing a small amount each pay into your super
• Review your investment options within the Fund. If you have a long time before you retire, you may wish to consider a more aggressive investment option