No matter what anyone says, you don’t need a fortune to live the good life.
At HESTA, our main aim is to give you the freedom to choose how you spend your spare time in retirement.
If you’re doing ok on your current wage, there’s no reason why you won’t be able to retire comfortably. How much money you’ll need in retirement depends on the lifestyle you want to lead. The Government Age Pension is pretty handy, but might not give you enough to do everything you want to do. That’s when your super can step up and boost your income.
So now’s the time to get your super working harder for you, so your future can look a lot like today (but easier).
Here are three simple things you can do right now:
Top up your super
You’ve heard it all before – but we really can’t stress this enough. Super’s likely to be your second biggest investment after your home. Adding even $5 a week could translate to a lot more in your pocket later. Take 30 seconds to see what that actually looks like at hesta.com.au/calculators
Consolidate your accounts
Got several funds on the go? Think about rolling them into one, so you’re not paying more fees than you need to.
Make a one-off payment
Tax return a bit bigger than expected? Think about putting some into super – it could buy a lot more when you finish work.
This article was supplied by HESTA, APHA’s Diamond Sponsor.
Issued by H.E.S.T. Australia Ltd ABN 66 006 818 695 AFSL 235249, the Trustee of Health Employees Superannuation Trust Australia ABN 64 971 749 321 (HESTA). This information is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. Before making a decision about HESTA products you should read the relevant product disclosure statement (call 1800 813 327 or visit hesta.com.au for a copy), and consider any relevant risks (hesta.com.au/understandingrisk)