How to get the most from your Superannuation

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  • Work out how much you might need to live on in retirement. Then determine a long term savings target;
  • Work out how much you need to add to your super to achieve your target;
  • Start early to get maximum benefits from the effects of compound interest;
  • Make tax-deductible contributions to super if you are self-employed;
  • If you are an employee, approach your employer about organising salary sacrifice;
  • Take advantage of the co-contribution benefits, if possible; and
  • Keep a regular watch on your super and adjust as you go along.
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