The Super Guarantee Has Risen to 9.25 per Cent. Will This be Enough to Fund My Retirement?

If you'd like some help to see if you're on track call us on 13 11 84. I know the government has increased the Super Guarantee to 9.25 per cent. Will this be...

The SG rate rose from 9% to 9.25% on 1 July. It's planned to gradually increase to 12% by July 2019. The government has said the rise will increase retirement incomes for many Australians. They give the example of a 30-year-old earning average wages having an extra $108,000 in retirement savings. But, if you are already over 30 you won't benefit from the higher rates for as long and other factors like breaks from the workforce might mean your retirement savings don't grow as quickly as you need them to. We estimate you'll need at least $30,000 a year to live comfortably in retirement. If you'd like some help to see if you're on track call us on 13 11 84.