Super tips in your 50s If you plan to retire in the next 10 to 15 years, you may need to focus more on your super. Consider making extra contributions and reviewing your investment strategy. Be aware that if you make contributions greater than the super contributions caps you will have to pay extra tax.
Superannuation should never be a ‘set and forget’ strategy. The start of a new year is a good time to review your circumstances, and perhaps set some new goals to help boost retirement savings.
Self-managed superannuation funds (SMSFs) are the fastest growing segment of the super industry1. But this doesn’t necessarily mean they’re the best choice for everyone.