+ Reply to Thread
Page 1 of 6 123 ... LastLast
Results 1 to 10 of 55
  1. #1
    Join Date
    Jul 2011
    Posts
    1,147
    Thanks
    53
    Thanked
    305
    Reviews
    0
    Achievements:Topaz Star - 500 posts

    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?

  2. #2
    Join Date
    Jul 2017
    Posts
    362
    Thanks
    6
    Thanked
    149
    Reviews
    0
    Im nearly 30 have around $26K

  3. #3
    Join Date
    Mar 2011
    Posts
    3,531
    Thanks
    4,665
    Thanked
    1,242
    Reviews
    14
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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 20:13.

  4. #4
    Join Date
    Aug 2014
    Posts
    4,044
    Thanks
    5,305
    Thanked
    4,137
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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)

  6. #5
    Join Date
    Jan 2012
    Posts
    3,165
    Thanks
    1,875
    Thanked
    2,483
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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.

  7. #6
    Join Date
    Mar 2011
    Posts
    3,531
    Thanks
    4,665
    Thanked
    1,242
    Reviews
    14
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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

  8. The Following User Says Thank You to smallpotatoes For This Useful Post:

    Renn  (12-08-2017)

  9. #7
    Join Date
    Feb 2015
    Posts
    2,913
    Thanks
    3,676
    Thanked
    2,150
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    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 05:06.

  10. #8
    Join Date
    Jul 2010
    Posts
    4,666
    Thanks
    3,659
    Thanked
    3,956
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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.

  11. The Following User Says Thank You to Wise Enough For This Useful Post:

    babyno1onboard  (12-08-2017)

  12. #9
    Join Date
    Jul 2010
    Posts
    4,666
    Thanks
    3,659
    Thanked
    3,956
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    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.

  13. The Following 2 Users Say Thank You to Wise Enough For This Useful Post:

    col82  (12-08-2017),smallpotatoes  (12-08-2017)

  14. #10
    Mod-Nomsie's Avatar
    Mod-Nomsie is offline Administrator
    Winner 2009/10/11/12/13 - Most helpful Moderator
    Winner 2011 - Naughtiest/Cheekiest Mod
    Winner - Quickest 'Thanker' on the Hub
    Join Date
    Oct 2007
    Location
    Vic
    Posts
    24,005
    Thanks
    7,240
    Thanked
    7,388
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Awards:
    200 Posts in a week100 Posts in a weekBusiest Member of the Week - week ended 15/1/15
    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?


 

Similar Threads

  1. Calling all parents with Super Energetic toddlers
    By Supermum in forum General Parenting Tips, Advice & Chat
    Replies: 15
    Last Post: 16-10-2007, 19:16
  2. super skinny new "celebrity" mums
    By cjb/jbvd in forum General Chat
    Replies: 48
    Last Post: 16-05-2006, 14:36
  3. Have you updated your super since your baby was born??
    By MrsMiggins in forum General Chat
    Replies: 4
    Last Post: 20-03-2006, 13:31
  4. Super Hero Whinge
    By bobtob in forum Stay At Home Mums (SAHMs) Chat
    Replies: 6
    Last Post: 17-10-2005, 16:46
  5. thanks a lot super nanny!!
    By Crazyfamily in forum General Chat
    Replies: 6
    Last Post: 22-04-2005, 15:06

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
Baby U & The Wiggles - Toilet Training ProductsToilet training can be a testing time but Baby U is there to assist you and your toddler with the daunting task of ...
REVIEWS
"Made bed time less anxious"
by Meld85
My Little Heart Whisbear - the Humming Bear reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›