Are You Saving Enough to Retire? Why Your Super Alone Might Not Cut It

A recent ABC report has shed light on a troubling reality: many Australians, especially younger workers and women, are not on track to retire comfortably. With rising living costs and stagnating wage growth, simply relying on employer contributions to super may fall short of delivering the lifestyle many expect in retirement.

The Super Gap: Why Balances Are Falling Short

• Median super balances for Australians aged 30–50 remain well below what’s needed to retire

• Women retire with 23% less super on average than men, due to career breaks and part-time

• Passive fund performance is often insufficient to offset inflation and market volatility.

  
  

The Self Managed Advantage

An increasing number of Australians are opting for Self-Managed Super Funds (SMSFs) to manage their futures due to several compelling reasons. SMSFs provide individuals with personal control over their investment choices, allowing them to tailor their portfolios according to their preferences and risk tolerance.

Additionally, these funds offer the option to invest in residential real estate, which can be an attractive asset class for many investors.

Importantly, SMSFs enable customized strategies for sustained growth, empowering individuals to implement specific investment approaches that align with their long-term financial goals.

Turning Super Into a Wealth Engine

An SMSF allows for:

• Tax-effective borrowing to purchase property

• Customised insurance and estate planning

• Flexible asset allocation suited to personal circumstances

With expert guidance, your SMSF can do more than hold your savings—it can build wealth in a strategic and sustainable way.

Contact us to find out more.