Yes. DH and I both put 5% of our income in as well as the compulsory amount we receive from our employers. I would like to put more in but we just can't afford it at the moment.
Super is one of the reasons I would never be a SAHM, I want to have a comfortable retirement and what DH earns in his super is not enough to support both of us in a good retirement.
Yes, I'm very fortunate to have employer who pays 14% and forces me to contribute 5%
Mostly compulsory at this stage. I used to make voluntary contributions, but am not doing so at the moment.
DP has next to no super. He's self-employed, and simply doesn't make enough money to put any into super.
Yes, DH has 14.25% contributed by employer plus salary sacrifices an additional 5% of his income, so his is quite healthy!
I have a much smaller amount, just the 9.25% compulsory and I had a 3 year break from contributions almost all together as I was self employed during that time and only put in ad hoc small amounts.
I treat it as a combined fund (even though they're separate) as if we were to separate I would be entitled to half of what his has risen since being together and vice versa.
Im entitled to 12.75% compulsory plus have to pay an additional 5% minimum (out of my own pay) each fortnight as per my work contract.
It's a great point you make about a lack of super for sahm.
Although, Super is not the only way to be comfortable in retirement. I am a sahm and we have almost paid off our mortgage and those of some of our investment properties with a view to using those (amongst other things) to fund our retirement.
I have super but not a lot as I've spent a lot of time studying and only working part time. DH on the other hand has a pretty decent amount in super because his workplace had a high super contribution above the minimum. We have been putting extra money into our mortgage but haven't made voluntary super contributions. We are thinking about seeing a financial planner to get the ball rolling on what we need to do to pay off the mortgage and put money into super, as well as have a good amount to pay for DS (and any future kids') education. We are mindful that uni fees will probably go up and if DS wants to pursue university we want to be able to help him do this without a massive debt. Can't wait to finish studying so I can start earning!
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