Business
Super reforms a game-changer for retirement savings – Sydney Morning Herald
Better fund engagement could be worth hundreds of thousands of dollars in additional retirement savings to every member when they stop work.
The difference between a high-fee and low-fee fund over time can be immense.
Think about a person aged 30 now with $25,000 in super and who is earning $60,000 a year.
By educating more Australians about super, members will become more engaged and so make better choices
If their salary increases by 4 per cent per annum (good luck!) and their super contributions remain at 9.5 per cent of salary, they should have about $1.8 million in retirement at age 65 if their fund earns 8 per cent a year.
…
-
Noosa News21 hours agoBanana farmers still salvaging fruit four weeks after ex-Tropical Cyclone Alfred
-
Business24 hours ago5 things to watch on the ASX 200 on Monday 7 April 2025
-
Business21 hours ago1 ASX dividend stock down 43% I’d buy right now
-
Business14 hours agoBell Potter names more of the best ASX 200 stocks to buy in April