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Is your super on track for a healthy retirement?

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Whatever your age and no matter how much money you have, now is the time to start building your super. Make a few small changes and watch your super money grow.

How much is enough? How much extra money you contribute to your super depends on what you'll need to live off once you retire. The amount of super you need depends on: How long you live, what type of lifestyle you want and Future medical costs.

The table below will give you a rough idea of how much money you need to support a modest or comfortable retirement. It applies for people retiring at age 65 who will live to an average life expectancy of about 85. It assumes you own your home.


Annual Living Costs

Weekly Living Costs

Couple- modest



Couple - Comfortable



Single - Modest



Single - Comfortable




Employer contributions - By law, your employer must make super contributions into your super account. The contributions are based on 9.5% of your 'ordinary time earnings'. So if you earn $67,000 per year they should be contributing $6,365 into superannuation.

You are eligible to receive super from your employer if you

  • Earn $450 or more a month
  • Aged over 18 years old
  • Also if you are under 18 you are eligible to receive super if you work more than 30 hours a week.


Contributing extra to super - Making super contributions is a great way to boost your super balance. You can build your super by making after-tax contributions from your own money or by salary sacrificing.

Salary sacrificing is when you ask your employer to redirect a portion of your pay as a contribution to super. By 'sacrificing' some of your before-tax salary and putting it into your super fund, you get taxed at the special rate of 15%.

After-tax contributions are known as 'non-concessional contributions' because you don't receive a tax deduction. After-tax contributions are the simplest way to add to your super as you simply deposit your personal money into your super account.