INCREASE YOUR RETIREMENT SAVINGS

Saving for your future can be a chore. However the reality remains that there is a large gap between the expectations many people have for their retirement and the actual lifestyle they'll be able to afford with the money they have saved.

The easiest way to get extra retirement savings is to start early, and make regular savings, no matter how small. In the case study below, Sally gets an extra $46,000 in retirement savings from just the cost of a pizza each week.

$2 a day makes a world of difference

Sally is 35 and earns $50,000 a year. She has $10,000 in super, and her employer makes superannuation guarantee contributions of 9% on her behalf.

Sally wishes to retire by age 65. She requests her employer to divert $2 a day (that's $14 each week) from her after-tax pay into super. This does not greatly impact on her lifestyle, and even qualifies her for a $392 co-contribution from the government.

By age 65, Sally has $46,900 in extra retirement savings, simply from saving $2 a day.

Make a difference to your life

Just $2 a day gives Sally $46,900 more than if she had done nothing until retirement. What amount won't you miss each week?

You can also do what Sally did. The easiest way to contribute is to ask your employer to make automatic contributions for you from your salary. You can also BPay your super contribution (or send us a cheque).

For more information or assistance, please call our friendly Member Services team on (03) 9911 3222 (regional callers 1300 300 820) or email us.