Grow your super
How much will I need?
There are a number of different factors that will determine how much you’ll need when you retire. But the most important factor is how you want to spend your time after work.
Think about the thing you want to do and that will give you a starting point for how much you might need to retire comfortably.
Super industry experts suggest a couple will need over $600,000 to be comfortable in in retirement.*
While you continue to receive the compulsory super guarantee contributions of 9.5% from your employer, this may not be enough. Remember, every cent counts and it’s never too early to start contributing to super.
Top-up your super
In addition to the Superannuation Guarantee (SG) contributions made by your employer, you can also top-up your super by contributing in other ways.
- Before-tax (salary sacrifice) contributions)
- After-tax (voluntary) contributions. You can sign up for a direct debit today.
- Combine other funds into your Prime Super account to reduce costs
- Contributions from your spouse into your account
- Benefit from Government co-contributions
Each year the government applies a limit on the amount you can contribute to your super without paying extra tax. We’ve outlined the contribution caps for 2017/18 here
How far will your super go?
Will you have enough super to last you? Use the super calculator as a guide to see how making extra contributions along the way can make a difference.Access the super calculator