IT’S A SUPER-VENTION!
An initiative to encourage Australians to make a pledge to boost their superannuation by September 15, 2016.
With only 7% of Australian employees currently making extra contributions to their super, Money magazine, in conjunction with ASFA (Association of Superannuation Funds of Australia), have joined together to launch Super Booster Day, an initiative urging all Australians to “make a pledge” at www.superboosterday.com.au before September 15 to top up their super.
In order to achieve a comfortable standard of living in retirement, an individual requires a minimum balance of around $545,000 and a couple around $645,000.
Currently less than 20% of single people and 30% of couples (aged over 65) are able to reach a comfortable standard of living.
The Super Booster Day campaign, which will run from Thursday, July 7, to Thursday, September 15, aims to change all that by informing Aussies of the long-term benefits of making additional contributions to super and encouraging them to take action before September 15.
