Understanding How Super Works
In This Chapter
Taking four super facts seriously
Knowing what makes a super fund tick
Considering all of your super options
Sizing up your current super fund, and your super entitlements
Figuring out the fees your super fund charges
Deciding whether to change super funds
U nless you own a goose that lays golden eggs, you need to create your own nest egg for your retirement. Like most Australians, you probably hope you’re going to have a good-sized egg, because you want your later years to be free from financial worries.
Your challenge, as a future retiree, is to create the most comfortable retirement that you can afford. The dilemma, however, when thinking about saving for retirement is whether to rely on the Age Pension, or to accumulate superannuation or private savings, or a combination of all of them. For the record, the Age Pension is ...