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  1. #1
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    Default Do you have super....?

    As title says...?

    Sent from my GT-I9505 using The Bub Hub mobile app

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    SpecialPatrolGroup is offline T-rex is cranky until she gets her coffee.
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    Yes, but only my compulsory super. I keep thinking I need to be a bit more proactive and do more but I just don't know where to start.

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    Sure do. It's incredibly important & people seem to be very uneducated when it comes to super.

    My hubby & I both salary sacrifice & have seen a financial planner to make the most of our super. Both my hubby & I should have a million dollars at retirement.

    We started salary sacrificing as a tax dodge as we earn $200k as a combined income.

    Super is an important investment & it's worthwhile seeing a financial planner, if you can't afford it, they can take their charge out of your super. They also aren't allowed to continue charging you a percentage fee each year like they were able to in the past, they can only charge one lump sum fee. I highly recommend it, a little bit of education & time now, will make a huge impact on how comfortably you retire.

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  5. #4
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    Yes, just the compulsory one.

  6. #5
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    Not much.
    It's not that I'm uneducated, it's that I can't possibly afford to put any voluntary contributions towards it at ALL, only compulsory.

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    Yes, its healthy. Recommend seeing a fplanner - however think putting $ into your super rather than on a mortgage (or other investment that you have complete control of - ie: to liquify is risky). Particularly given the rules around super are bound to change between now and when you can access it. Personally I put the $ on the mortgage not super.

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    Quote Originally Posted by KitiK View Post
    Yes, its healthy. Recommend seeing a fplanner - however think putting $ into your super rather than on a mortgage (or other investment that you have complete control of - ie: to liquify is risky). Particularly given the rules around super are bound to change between now and when you can access it. Personally I put the $ on the mortgage not super.
    Of course you would be much better putting extra $$ on your debts, which we also do. But every persons financial situation is different & the goals they are trying to achieve are different. That's why it's best to seek the advice of a financial planner.

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    Quote Originally Posted by CMF View Post
    Not much.
    It's not that I'm uneducated, it's that I can't possibly afford to put any voluntary contributions towards it at ALL, only compulsory.
    I work in the finance industry & it's not uncommon for people to know absolutely nothing about super. It's not a bad thing if you don't & doesn't imply that you are uneducated in general (if that's how you interpreted my post). It's something that people find overwhelming, confusing, complicated & too hard.

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    Yes I make voluntary contributions along with my compulsory ones.

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    No. I've been a SAHM for the last 5 years and the tiny bit I did have has been lost to fees😞 I've only lived In Australia for 8 years and only spent about 2 years working/contributing.

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