Skip to Main Content
It looks like you're using Internet Explorer 11 or older. This website works best with modern browsers such as the latest versions of Chrome, Firefox, Safari, and Edge. If you continue with this browser, you may see unexpected results.
What is Superannuation
Whether you are in your first job after leaving school or only a few years from retirement, it pays to understand how superannuation works.
By the time you are ready to retire, your superannuation could have grown to be one of the largest assets you will have in your life.
This is your investment in your future. It’s important to understand why you need it, what you’re entitled to, how you can contribute and how you can best manage the money for your retirement.
What you need to know about Investing
What you need to live on by the time you retire
This planner works out how much you could save in your super until you retire.
Once you retire, it assumes you don't contribute any more to super. So then it works out how much you can draw out of your super
Finally, it works out how much of the government age pension you may be able to receive.
But first, check out this Retirement Planner Engine from the Australian Government.
What to do with debt
What can I do if I'm in debt?
You should take action to manage your debts as soon you can, to avoid your debts spiralling out of control. You could try:
preparing a budget (check out the websites above to help you out);
finding a part time job or selling your goods; and
saving money by cutting down your spending on things you don’t really need.
Making a Financial Plan
Financial Planning is a program of helping you identify and
define your personal and financial goals. Once identified, a strategy can be
tailored to reach these goals and objectives. Implementation of your own
personal financial plan is the first step on the journey to financial freedom.
Watch this video clip.
(Credit ASX Pty Ltd)
Australian Stock Exchange
MoneySmart is aimed at helping all Australians by offering free, independent guidance so people
can make the best choices for their money. The website covers the basics such as budgeting, saving,
credit cards and loans, and more complicated issues such as optimal superannuation contributions,
margin loans, reverse mortgages and income tax.