I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Is your Super Enough?

You could walk, or you could take a ride. One of the vehicles to make yourself wealthy and to have an abundant lifestyle is superannuation.

A lot of people think of pension solely as a type of investment. Well, the fact is, it is not. It's a vehicle. It's a vehicle that you use to put your investments in, to take you to where you want to go. And it has some significant advantages.

The Main Advantage of Superannuation

The main advantage to superannuation is that it is for the long term. In Australia, the government has a scheme where all companies have to pay a certain amount of 9% of the salary that they pay to an employee who has a superannuation fund. So it's compulsory superannuation in this country. It is a fantastic thing.

The problem is around that is that the people who are inside such scheme feel too relaxed thinking that their future is already secured because of the compulsory contribution. Or they believe that they already have enough savings to get through retirement because of superannuation. Well, that's not the case. You still to check and make sure that your Super money is enough for you to retire in a good lifestyle.

The thing is we all experience these economic cycles, and your superannuation value may go down. Now the important thing to remember here is that superannuation is long term, and these cycles will happen every eight to ten years. They will occur, and that's the way it works. It's almost a universal principle.

So you need to make sure and understand the types of investments your superannuation is going to be investing in. Superannuation is a vehicle or structure; a tax-effective structure. That's all. So you need to educate yourself on superannuation so you can choose the right superannuation fund for you. It is a structure that still needs your input, focus, time and energy.

If you're a low-income earner and give your superannuation fund a thousand dollars, the government will match that with a co-contribution of $1500. That's a 150% return on your money. This might change from time to time, but the fact is there is a government co-contribution that's happening.

So go to www.australiansuperfinder.com.au and have a look at the information that would help you get enough super money for your retirement.

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