Freecall 1800 025 241


Growing Super As a Young Person

Though it seems far away when you are young, it is never too early to start saving for your future.  Superannuation is a good way to save for retirement. However, many underestimate the amount of money they will need to retire.

Here are some tips to help you grow your super savings in the early years:

Make sure that your employer is paying super for you (and as much as you deserve). As long as you make more than $450 in a month, your employer should be making contributions into a super fund on your behalf. They should pay at least 9.5 percent of your wages (or ordinary time earnings).

It is important to remember that if you are younger than eighteen, your employer only has to put money towards your super if you work more than thirty hours a week. You can easily find out if your employer is paying your super by looking at your pay slips.

If your employer is not paying, you should start talking to them. If they continue to miss your payments, you should contact the Australian Taxation Office (ATO). They will be able to help you to ensure that you are getting the money that you deserve.

Put all of your accounts together. Many people have more than one super account. This can be expensive, when you think about the charges and fees that you will have with each account. For this reason, it is much better to have all of your money in one spot. It also makes it easier to keep track of your super. As a Nationwide Super member, we’ll help you track down and consolidate all of your super accounts for free.

Put as much money away as you can. If you are able to, put some extra money aside each month. By contributing a little extra to super, you can make a big difference to your super balance when you retire.  You may also be eligible for extra super payments from the government if you are on a low income.

Get in touch with us to find out how you can grow your super savings.


Woman saving money in a piggybank - representing making extra contributions to her superannuation

How To Boost Your Super

Your superannuation is a key investment when it comes to saving for your retirement, and there are ways you can boost these savings. Your employer will contribute an amount equal to 9.5% of your salary into your super, and you may also contribute additional money as Concessional Contributions or Non-Concessional Contributions. Find out more.

Keep Reading

wedding couple at night with lighting and cafe in background

How Life Events Affect My Super

Life changes that can affect your super include a variety of events that most people will encounter at some point in their lives. Some of these types of events include starting a job, getting married, buying a home, having children, getting a tax refund or an inheritance, getting a separation or divorce, the death of a spouse, having an illness, redundancy, or losing a job. Learn more.

Keep Reading

Retired man drinking a coffee

What is the Age Pension?

The Age Pension is a government income support payment paid to eligible Australians who have reached Age Pension age.  The Age Pension is income and assets tested which means the amount you can get will depend on any other income you receive (from super, investments and paid work) and on the assets you own. Learn more.

Keep Reading

Young woman with a piggy bank, representing savings and superannuation for retirement

Planning Ahead For Your Desired Retirement

If you desire to live large during your retirement, you may need up to $1 million to finance your lifestyle. Getting there will require more than the Age Pension. You will need to consider additional strategies like boosting your super savings or extra investment. Learn more.

Keep Reading

Before you leave...
Are you a small business owner?
Submit your email address to receive a FREE Website Marketing Report, and tips to help you manage your business.