Small steps you take today can make a big difference to the life you’ll enjoy in retirement.

Working out how much money you’re likely to need for a comfortable retirement and where to start can feel overwhelming. That’s why we’ve put together these handy tips of things you can do right now to boost your nest egg and give you more income when you retire.

  1. Understand how much income you’ll need

    In just a few minutes you can find out how much income you’ll need to support the way you want to live your life in retirement. ‘Explorer’ is our easy online calculator designed to help you project ahead and plan for your retirement. It shows you how changes you can make today can have a significant, positive impact on your future savings.

    Start using Explorer
  2. Get retirement ready

    Find out if you’ve set yourself up for a comfortable retirement or you still have some preparations to make by downloading our retire-ready checklist.

    Download the checklist
  3. Attend a retirement webinar

    Register for a retirement webinar run by our experienced superannuation experts to understand what you need to know when planning for your retirement.

    Register for a webinar
  4. Get the right help and advice

    Our members have told us that reaching out for help, getting advice and having a plan can be a huge relief. It’s a great way to become confident you understand the most effective ways to manage your money and plan for the future. Everyone’s needs are different, but whatever your retirement goals are we can provide you with advice that will help you achieve a comfortable retirement.

    Find the right advice
  5. Start boosting your future income now

    It’s never too early to start saving for your retirement. Regular contributions, along with changing your habits to spend less and save more, let you make the most of opportunities to build your super while you’re still working.

  6. Take advantage of the tax concessions

    There are a number of ways to contribute more and boost your super, which also offer taxation benefits. These include salary sacrifice (before tax contributions), co-contributions and spouse contributions.

  7. Choose an appropriate investment strategy

    Your super fund invests your money for you, but most funds let you choose from a range of investment options, from conservative to growth. The further you are from retirement, the more comfortable you may be with investments in higher risk asset classes, like property or shares. These aim for larger average returns over the long term, but have greater market volatility in the short term. As retirement approaches, you may want to review your investment options in line with your life stage and retirement plans.

  8. Start an income stream

    If you’re ready to ease back to part-time work as you transition to retirement, or embark on the next phase of your life, explore our different income streams designed to meet your needs at each of these life stages.

    Learn more
  9. Become a member of Aware Super

    When you become a member of Aware Super, you’ll benefit from products and services tailored to meet your needs throughout your life – with low fees^1 and strong long-term returns^2. We can help you make better financial decisions and achieve better outcomes by providing accessible and affordable advice, together with free education and learning resources. Plus, we invest our members’ assets responsibly, generating jobs, improving our communities and supporting a sustainable economy.

    Join now
  1. The total annual fee (inclusive of admin and investment fees) for our Accumulation Fund Growth option is 1.10% p.a., the industry average is 1.43% p.a., Chant West Super Fund Fee Survey, March 2020, based on a $50,000 balance in a Growth option.

  2. The First State Super Growth option as sourced from the SuperRatings Fund Crediting Rate Survey for the Super Ratings SR50 Balanced (60-76) Index delivered a rolling 10 year return to 31 May 2020 of 7.77%. This is compared to the SR50 Balanced (60-76) Index median rolling 10 year return to 31 May 2020 of 7.13%. Returns are calculated net of investment fees, tax and implicit asset-based administration fees. The SR50 is an index of 50 super funds whereby each fund is assessed on criteria such as their size, history of returns and allocation of assets to growth assets between 60 -76 percent of the investment. This disclaimer is related to the First State Super accumulation product. Past performance is not a reliable indicator of future performance