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

Why Women should put an Interest into their Superannuation

And it is our money. What usually holds people back is the long-term nature of superannuation and the fact that they don't have control over the money and are therefore unsure of what's going to happen to their basket.

So instead of embracing this great opportunity where people can put on money to live a good retirement life, later on, they are reluctant of doing so. So what people need more control over their basket and understanding it better.

Many women have a disruptive lifestyle. But there are things that women can do to maintain some consistency for their superannuation. The first step would be to get a better understanding of the concept of compounding interest. The more you contribute into your super, the more money you can accumulate.

So even though a thousand dollars doesn't sound like a lot of cash when you're 19 or 20 years old, having some government, co-contribution on that and the benefit of 40 years plus compounding interest will make an enormous impact on your future funds.

There are also other great tips that the government gives besides con-contribution. There is also what's called super tax-offsets for partners who are putting into their super when both spouses have worked. They can have a joint contribution with tax benefits.

What Happens to Superannuation during Divorce?

Taxation follows numbers and is much related to superannuation, and so divorced couples should have separate superannuation accounts. And if you want to include in its marital assets, that's something that can be done if they split during a divorce. With the help of a lawyer, both spouses can get what's rightfully theirs and avoid unfair splitting of assets and funds.

Both couples can also arrange an arrangement on how the assets and money should be split. It depends upon their agreement. It's a very personal situation and one which can be amicably settled with the cooperation of both parties.

More information on Women and Superannuation is available on our site at www.australiansuperfinder.com.au

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