Even the small things you do to help your super grow will pay off later.
Placing your money in a superannuation fund is a good way to invest your financial resources so that you have the means for subsistence upon retirement. The government itself has setup an environment encouraging people to provide for themselves as they retire which includes government co-contributions and tax concessions.
There are contribution limits to be aware of, but advice from LFS can help you come up with a plan that works for your financial situation.
The ASFA Retirement Standard outlines the annual budget needed by the average Australian to fund a comfortable standard of living in their post-work years. The most recent benchmarks in September 2017 indicates that a single person wanting a comfortable lifestyle in retirement will need at least $44,011 per year. Thinking about when you want to retire and how long you expect to live off your superannuation is something you need to do early on and start planning for!
Contact us today for a complimentary and without obligation initial consultation to discuss how a plan can assist you with growing your Super.