Get started now

Retirement seems like a long way off when you’re young. It may still seem like a long way off when you’re in your 40s and 50s. Before you know it, though, you’ll likely find yourself wondering whether you can retire five years earlier than your colleagues, or if you have enough money saved to pack up the campervan and travel around the country. 

Whatever your individual goals are, organising a superannuation account now, and setting it up for maximum returns, can make all the difference in whether and when you achieve them.

If you’re employed, your employer is already helping you save for retirement by contributing at least the equivalent of 9%¹ of your salary to superannuation on your behalf. If you can afford to contribute out of your own pocket, as well, it’s wise to organise a pre-tax salary sacrifice and take advantage of the financial opportunities available to you.

Your super investment earnings will naturally benefit over time from being invested for the long term, and if you are a low or middle income earner, there are government co-contribution schemes you can take advantage of to increase your retirement savings even more.

When it’s set up well, superannuation can have a dramatic effect on your long-term savings, and you’ll thank yourself for getting started early – especially if you’re keen to retire early.

If you’d like to know more about how to make the most of your retirement savings, or would like help in setting up your super, you can use our online booking form to organise an initial, no-obligation consultation with a Commonwealth Financial Planner and start planning for a better life today.

• Important information
  1. Correct as at 1/02/2011.
  
  This information is of a factual nature only and is not intended to constitute financial product advice. It has been prepared by Commonwealth Financial Planning Limited without considering your individual objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this information. Commonwealth Bank customers who wish to obtain information about retirement planning may do so by contacting a Commonwealth Financial Planner. Commonwealth Financial Planners are Representatives or Authorised Representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169, AFSL 231139, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.