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  1. #1
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    Default Super

    Hi

    It may be too personal for some but I'm starting to freak out.... I don't have much super yet for being self employed and not contributing for years but am now. I'm 35 and I only have $32k. How much do all you have?

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    Im nearly 30 have around $26K

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    I'm 31. I probably have between $65,000 -75,000. I have two accounts and really need to consolidate.

    Disclosure - I get a higher rate than standard

    ETA - actually just checked mygov, it's just over $85,000 apparently and some of that is over 6 months old, so it would be over 90,000
    Last edited by smallpotatoes; 11-08-2017 at 21:13.

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    I'm 35 and I have about $120k in super. I am very lucky that there is a very generous super scheme at my workplace - I get 17% and that offsets the reduction in contributions from being part-time since having my dd 2yrs ago.
    I really wish there was a universal scheme to offset the reduction in super contributions from work interruptions/part-time service due to having kids. Due to the nature of super these periods of lower pay/no pay have a huge impact on final balances leaving older women (primarily) hugely financially vulnerable

  5. The Following 6 Users Say Thank You to gingermillie For This Useful Post:

    AdornedWithCats  (11-08-2017),babyno1onboard  (12-08-2017),Chippa  (12-08-2017),Mod-Uniquey  (12-08-2017),smallpotatoes  (12-08-2017),Wild Rose  (12-08-2017)

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    I genuinely don't know. I'm 27 and I definitely have less than what anyone's mentioned. My husband is self employed, 30, and has maybe $2-$3k in super.

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    Quote Originally Posted by Renn View Post
    I genuinely don't know. I'm 27 and I definitely have less than what anyone's mentioned. My husband is self employed, 30, and has maybe $2-$3k in super.
    If you have a mygov account with the ATO linked to it, there's a 'Manage your Super' bit

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    Renn  (12-08-2017)

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    Default Super

    It's certainly scary. I've read that to retire somewhat comfortably (and I mean so you're not struggling, not so you can have round the world holidays each year), each person needs something like $650k plus have needed to pay off their mortgage. I worked overseas for a while and so didn't didn't super. DH is still working overseas so doesn't get super. I have about $80k and DH has about $220k. Once we have paid off our mortgage (fingers crossed in ~8 years) I will salary sacrifice most of my pay into my super.
    Last edited by babyno1onboard; 12-08-2017 at 06:06.

  10. #8
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    Quote Originally Posted by babyno1onboard View Post
    It's certainly scary. I've read that to retire somewhat comfortably (and I mean so you're not struggling, not so you can have round the world holidays each year), each person needs something like $650k plus have needed to pay off their mortgage. I worked overseas for a while and so didn't didn't super. DH is still working overseas so doesn't get super. I have about $80k and DH has about $220k. Once we have paid off our mortgage (fingers crossed in ~8 years) I will salary sacrifice most of my pay into my super.
    You can only sacrifice up to $25k now which includes what your work puts in.

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    I salary sacrifice up to the max each year, so just dropped to adding 25k, used to be 30k. It's really hard, I could do with that money now! But I'm single so don't have any partners super to add.

    I'm 38 and I think I have close to 300k. I want to have a great life when I retire. I want the cruises, I want to spoil my grand kids.

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    I'm 33 and have around $40k, thanks so having around four years off for kids etc.
    Guess who will be working until she is 80?


 

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