{"id":1277,"date":"2016-09-05T17:59:00","date_gmt":"2016-09-05T07:59:00","guid":{"rendered":"http:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/?p=1277"},"modified":"2016-09-05T17:59:00","modified_gmt":"2016-09-05T07:59:00","slug":"give-your-future-self-a-pay-rise","status":"publish","type":"post","link":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/2016\/09\/05\/give-your-future-self-a-pay-rise\/","title":{"rendered":"Give your future self a pay rise!"},"content":{"rendered":"

Pay yourself forward<\/h3>\n

Topping up your super early will help you get one step closer to ensuring you achieve your lifestyle goals for your post-work years. Now is the time to plan ahead and work out how much money you\u2019ll need to fund the retirement lifestyle you want, and how much super you\u2019ll need to get there.<\/p>\n

It\u2019s the small things<\/h3>\n

\"Small<\/p>\n

We\u2019re ‘supervening’ \u2013 give your future self a bonus<\/h3>\n

\"Small<\/p>\n

What type of lifestyle do you envision?<\/h3>\n

According to the Association of Superannuation Funds of Australia\u2019s Retirement Standard<\/a>, to have a \u2018comfortable\u2019 retirement, single people will need $545,000 in retirement savings, and couples will need $640,000.<\/p>\n

The differences between a comfortable lifestyle in retirement and a more modest one can be vast, and the age Pension alone presents a very difficult tale. Thinking ahead now and boosting your super could change your future reality.<\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/th>\n\n

Comfortable retirement<\/strong><\/p>\n<\/th>\n

\n

Modest retirement<\/strong><\/p>\n<\/th>\n

\n

Age Pension<\/strong><\/p>\n<\/th>\n<\/tr>\n

\"\"<\/td>\nOne annual holiday in Australia.<\/td>\nOne or two short breaks in Australia near where you live each year<\/td>\nEven shorter breaks or day trips in your own city<\/td>\n<\/tr>\n
\"\"<\/td>\nRegularly eat out at restaurants.\u00a0Good range and quality of food<\/td>\nInfrequently eat out at restaurants that have cheap food.\u00a0Cheaper and less food than a \u2018comfortable\u2019 lifestyle standard<\/td>\nOnly club special meals or inexpensive takeaway<\/td>\n<\/tr>\n
\"\"<\/td>\nOwning a reasonable car<\/td>\nOwning an older, less reliable car<\/td>\nNo car or, if you have a car, it will be a struggle to afford repairs<\/td>\n<\/tr>\n
\"\"<\/td>\nGood clothes<\/td>\nReasonable clothes<\/td>\nBasic clothes<\/td>\n<\/tr>\n
\"\"<\/td>\nTake part in a range of regular leisure activities<\/td>\nTake part in one paid leisure activity infrequently.\u00a0Some trips to the cinema<\/td>\nOnly taking part in no cost or very low cost leisure activities.\u00a0Rare trips to the cinema<\/td>\n<\/tr>\n
\"\"<\/td>\nPrivate health insurance<\/td>\nPrivate health insurance<\/td>\nNo private health insurance<\/td>\n<\/tr>\n<\/table>\n

\u00a0<\/p>\n

Boost your super now<\/h3>\n

Get involved in Super Booster Day<\/a> and make your pledge to top up your super by September 15<\/strong>, for extra rewards in your future.<\/p>\n

To find out how much extra super you could get by making extra contributions, use our \u2018Small change, big savings calculator<\/a>\u2019.<\/p>\n

To contribute more to your super, contact us on |PHONE|.<\/p>\n


<\/em><\/span><\/p>\n

*Calculation made using superguru.com.au calculator and based on a 30-year-old person putting an additional $116 each month into their super account, assuming 5%pa growth over 35 years.\u00a0<\/em><\/span>**Calculation made using superguru.com.au calculator and based on a 30-year-old person putting an additional $35 each month into their super account, assuming 5%pa growth over 35 years.\u00a0<\/span><\/em>\u2020Calculation made using superguru.com.au calculator and based on a 35-year-old person putting an additional $10 each week into their super account, assuming 5%pa growth over 30 years.\u00a0They do not take your personal circumstances into account and are not intended to be a substitute for professional advice. We make no warranties as to their accuracy and shall not be responsible for any action taken on the basis of the calculator. While such material is published with necessary permission, no supporter entity (or their related bodies) accepts responsibility for the accuracy or completeness of, or endorses any such material. Except where contrary to law, we intend by this notice to exclude liability for this material.<\/span><\/em><\/span><\/p>\n

Source<\/strong><\/p>\n

Reproduced with the permission of the The Association of Superannuation Funds of Australia Limited. This article was originally published at www.superguru.com.au
<\/em><\/p>\n

Important<\/strong><\/p>\n

This provides general information and hasn\u2019t taken your circumstances into account. It\u2019s important to consider your particular circumstances before deciding what\u2019s right for you. Although the information is from sources considered reliable, we do not guarantee that it is accurate or complete. You should not rely upon it and should seek qualified advice before making any investment decision. Except where liability under any statute cannot be excluded, we do not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person.<\/p>\n

Any information provided by the author detailed above is separate and external to our business and our Licensee. Neither our business, nor our Licensee take any responsibility for their action or any service they provide.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pay yourself forward Topping up your super early will help you get one step closer to ensuring you achieve your lifestyle goals for your post-work years. Now is the time to plan ahead and work out how much money you\u2019ll need to fund the retirement lifestyle you want, and how much super you\u2019ll need to […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[19],"tags":[],"class_list":{"0":"post-1277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-general-articles","7":"entry"},"_links":{"self":[{"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/posts\/1277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/comments?post=1277"}],"version-history":[{"count":0,"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/posts\/1277\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/media?parent=1277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/categories?post=1277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gpadviser.com.au\/gpl-theme-1-2015\/wp-json\/wp\/v2\/tags?post=1277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}