Make Bigger Contributions
18 November 2008
If you are set to benefit from lowered interest rates on a home loan and want somewhere to put your extra money, why not consider your personal superannuation? The earlier you make contributions to your personal superannuation, the longer the money will have time to work towards earning you more through investment.
Choosing a superannuation fund that will provide good returns is not enough - you must also contribute enough to your personal superannuation in order to afford a lengthy retirement. The compulsory contributions to your personal superannuation that your employers will make are unlikely to provide enough to sustain you for long in retirement. Be sure to use a superannuation calculator to work out how much you will need for retirement as well as the monthly payments you will need to make in order to reach your personal superannuation saving goal.
Please click on our ESUPERFUND sponsor banner if you are interested in finding out what ESUPERFUND can offer you to help start a self managed superannuation fund for your personal superannuation.
