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If you're like most Australians, superannuation will be one of
the most important investments you'll ever have – along with a home
and an ability to earn an income.
Not only is it likely to be one of the biggest investments you’ll
have by dollar value, it will also be the investment you depend
on when you no longer work for an income.
Increasing life expectancies mean the superannuation of many Australians
will have to last them for a retirement of 20 or 30 years. How much
you have in superannuation will influence your standard of living
in retirement. So taking an early interest in your super can really
pay off.
You might think of superannuation as a compulsory way the Government
makes people save for their retirement years. It is, but it is also
a lot more than this. So don't let the jargon surrounding superannuation
and the seemingly complex rules put you off.
Decisions about which super fund and what type of investments you
put your money in can make a big difference to how much you have
in retirement.
This booklet has been created to help you understand super whatever
stage of life you are in, and pick up useful tips to help you get
more out of super. You can read about how super works, the types
of super funds available and how to boost your super balance.
Start with some of the basics and you'll be surprised how much
sense superannuation makes.
Keep in mind that the information in this booklet does not take
into account your individual goals, financial situation or needs.
The best way to get tailored assistance for your own circumstances
is to speak to a licensed financial adviser.
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