From c723ec186a4285ec2ba1a0ccb9561647817fcf69 Mon Sep 17 00:00:00 2001 From: "Stephan Fako [SSW]" <96279310+stephanfakossw@users.noreply.github.com> Date: Wed, 30 Oct 2024 05:25:46 +0000 Subject: [PATCH] =?UTF-8?q?Update=20Rule=20=E2=80=9Cmaximize-superannuatio?= =?UTF-8?q?n-benefits/rule=E2=80=9D?= MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit --- rules/maximize-superannuation-benefits/rule.md | 16 ++++++++++------ 1 file changed, 10 insertions(+), 6 deletions(-) diff --git a/rules/maximize-superannuation-benefits/rule.md b/rules/maximize-superannuation-benefits/rule.md index 93ad6463da..678b95121f 100644 --- a/rules/maximize-superannuation-benefits/rule.md +++ b/rules/maximize-superannuation-benefits/rule.md @@ -1,7 +1,7 @@ --- type: rule tips: "" -title: Payroll - Do you know how to maximize Superannuation benefits? (Aussie only) +title: Payroll - Do you maximize your Superannuation benefits? (Aussie only) seoDescription: "How to choose the best Super fund? " uri: maximize-superannuation-benefits authors: @@ -10,13 +10,13 @@ authors: related: - salary-terminology - salary-sacrifice-electronic-devices + - salary-terminology created: 2024-10-22T11:36:00.000Z guid: b455ea0e-0b1c-41e3-a97a-2e2315b20d08 --- +Almost everyone gives a low care factor to their Superannuation because it is so far away. That is a mistake! -Superannuation (Super) is a compulsory retirement savings system in Australia. Your employer makes contributions on your behalf, which are invested and managed by your chosen Super fund until retirement. - -Superannuation isn’t just a passive savings account — it’s an investment vehicle where your money earns interest and grows over decades. +Superannuation is more than just a retirement savings account - it's a long-term investment that benefits greatly from the power of compound interest, strategic salary sacrifice, and good fund management. Use these tools and strategies to maximize your financial future! @@ -26,6 +26,10 @@ Let’s break it down by exploring 3 key aspects you need to understand: * How to grow Super through salary sacrifice (going beyond mandatory) * How to check your Super fund is giving you strong returns +### What is Superannuation? + +Superannuation (Super) is a compulsory retirement savings system in Australia. Your employer makes contributions on your behalf, which are invested and managed by your chosen Super fund until retirement. + ## 1. The power of compound interest You may have heard people say that the sooner you start saving, the better off you'll be. That’s because of compound interest. @@ -136,6 +140,6 @@ Check out ATO’s website for further information on the [First Home Super Saver ## Maximize your financial future -Almost everyone gives a low care factor to their Superannuation because it is so far away. That is a mistake! +Remember, even small adjustments today can lead to big rewards down the road. Whether you’re comparing funds, adjusting your risk level, or considering salary sacrifice, each step brings you closer to a more comfortable retirement. -Super is more than just a retirement savings account - it's a long-term investment that benefits greatly from the power of compound interest, strategic salary sacrifice, and good fund management. Use these tools and strategies to maximize your financial future! +Before making decisions about your financial future, don’t forget to seek independent professional advice.