Supercharge Your Superannuation

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Supercharge Your Superannuation

Maximising Your Superannuation for a Secure Retirement

Superannuation is not just a retirement savings plan; it's a strategic financial tool that can significantly impact your future financial security. Understanding how superannuation works and making smart choices about your contributions and investment strategies can make a substantial difference in your retirement lifestyle. In this blog post, we'll delve into the basics of superannuation and explore how you can make the most of it, especially when you're under 30.

The Basics of Superannuation

Superannuation, simply put, is money set aside for future use, particularly for retirement. The government introduced superannuation to replace reliance on the aged care pension, which may not provide a comfortable living standard. Currently, employers are required to contribute around 11% of your salary to your super fund, gradually increasing to about 12%. This contribution, along with any additional contributions you make, is invested by your superannuation fund with the goal of building a substantial retirement fund for you to live off when you're no longer working.

Benefits of Extra Contributions

Making extra contributions to your superannuation can significantly boost your retirement savings. There are two main types of contributions: concessional and non-concessional. Concessional contributions are pre-tax contributions, such as employer contributions and salary sacrifice contributions. These contributions are taxed at a lower rate than your regular income, making them a tax-effective way to boost your super. Non-concessional contributions, on the other hand, are made with after-tax money and can be beneficial for those looking to maximize their super balance.

Investment Strategies

Choosing the right investment strategy for your superannuation is crucial for maximizing your retirement savings. Many people opt for the default balanced risk profile offered by their super fund, which typically includes a mix of growth and income-generating assets. However, depending on your age and retirement goals, a more aggressive growth-focused investment strategy might be more suitable. Research shows that choosing a growth-focused investment strategy can potentially increase your retirement savings by hundreds of thousands of dollars.

Take Control of Your Super

Superannuation is often viewed as a set-and-forget investment, but taking an active interest in your super can lead to significant benefits. Consolidating multiple super accounts into one can reduce fees, and regularly reviewing your investment strategy can ensure it aligns with your retirement goals. Additionally, seeking professional advice can help you make informed decisions about your super and maximize your retirement savings.


Superannuation is a powerful tool for building wealth and securing your financial future in retirement. By understanding how superannuation works and making strategic choices about your contributions and investments, you can ensure a comfortable and secure retirement. Start taking control of your super today to reap the benefits tomorrow.

Supercharge Your Superannuation.

Superannuation is a powerful tool for building wealth and securing your financial future in retirement. Our team of expert and award-winning financial advisers can help maximise your superannuation and retirement strategy.