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It’s been a little over 30 years since Australia saw the introduction of compulsory employer-paid super, and today we are, as a nation, punching above our weight for retirement savings.
Australia’s $3.3 trillion superannuation pool¹ puts us seventh among OECD nations for retirement savings.²
It’s great news for all Australians. But super is not about competing with other countries. It’s about saving for the best possible lifestyle in retirement.
Superannuation is fundamentally designed to help each of us grow a retirement nest egg in a tax-friendly environment. And while our super can be locked away for a long time, it’s still our money. Moreover, it could be your biggest investment.
Paul Watson, Group Executive Member Experience at industry fund Hostplus, says, “Increasingly, for many Australians, super will be their largest asset.”
If you’re not convinced, it’s worth noting that today’s 21-year-old entering the workforce for the first
