
What do you need for retirement
There are a number of things to think about when it comes to answering the question ‘how much super do I need to retire?’
Access articles and tools to help you get the most out of your super fund.
There are a number of things to think about when it comes to answering the question ‘how much super do I need to retire?’
Superannuation changes effective 1 July 2023
If you have reached the eligible age you may be able to contribute up to $300,000 to your superannuation fund from the proceeds of the sale of your home. As of 1 January 2023, the age requirement to be eligible to make a downsizer contribution has dropped to 55.
In March 2020, the government allowed early access to superannuation savings for people affected by Coronavirus (COVID-19). Individuals were able to access $10,000 before 1 July 2020 and another $10,000 between 1 July 2020 and 31 December 2020.
Things you might want to think about when considering how much super you need to retire, including: What are your lifestyle expectations in retirement? When do you want to retire? What are your sources of income?
A description of asset classes that are typically available through your super fund, including cash, fixed income, shares, property & infrastructure and alternatives.
Figure out how much super you need to retire in comfort.
Estimate your super balance at retirement.
Find out the income you’ll get from an account-based pension from super.
Work out how much insurance cover you need.