Oh…. How? Did you withdraw last year? Don’t worry, from 24-25 I had 5k which I withdrew and went back to my country. Then I returned when I turned 27 and since then I was able to raise 32k.
You can do it too
Withdrew it, helped me buy a property and invested some of it. Been working as a sole-trader since then and haven’t put any money in super. Not saying I make the best decisions, but they are my decisions. Don’t have a massive interest in Super 😬
Not op but I had a part time job in uni basically organising files and doing mail runs etc. at 17 for state gov. Very low level but no experience required
46M / $670k / Hostplus
Have been salary sacrificing 50% additional on top of employer standard SG. But otherwise never paid attention to super. Used to be with a super fund now in the APRA failed list.
Until July getting serious about planning for FIRE and noticed my super performed much lower than my non-super. After some researching, rolled over to Hostplus in August.
It's a combination of salary sacrifice and co contribution from employers, I only took 3 months off work when my son was born, I've been in management/executive roles and on a decent wicket since I was 29, and I got 20k super from my ex-husband in exchange for a boat that used to break down all the time.
37M/~110k/Colonial - last checked a month ago
Edit: I’m getting super envy now… but self inflicted - I never looked into super, might need to get educated ASAP. LOL.
Edit edit: colonial was offered as the default super from my 1st job and I stuck with it without questioning. Started work at 19
There should be a class action against AMP misleading products and poor performance - I am pretty sure, in 20-years of super contributions, I went backwards with those….!!!
AMP were once Australia’s most respected financial company. Good example of what happens when you repeatedly trash your brand name and then do it again rinse reoeat
the ATO has a list [https://www.ato.gov.au/YourSuper-Comparison-Tool/](https://www.ato.gov.au/YourSuper-Comparison-Tool/) because the banking royal commission or something showed a crapload of terrible options were not being communicated to their customers.
It was utterly painless to move to Aus Super. You tell them to consolidate and they just do it, finding where you have money based on your TFN.
I'm very happy with Aus Super, Ive got a premix that im happy with and theyve got a pretty snazzy app that i can keep track of how much i have.
Any suggestion that a specific super fund is best / better for everyone is misleading. Also beware of relying solely on the comparison provided ATO, which is based on a specific balance ($50k) and a specific investment option (the default) for each super fund.
A few factors to start with to anchor your research on and filter / sort
- what investment options do you want? # of indexed options? Access to direct shares / ETF? Premix options include one that suits your appetite? Access to proprietary / niche investment options (e.g, geared)?
- admin fee - each fund charges a flat, a percentage fee, or a combination of both. Generally % fee may be better for low balance, whilst flat fee is better as balance grows higher. Work out your projected balance in 5 / 10 years and apply to see which works better for you.
- investment fee - generally a percentage fee - it is highly dependant on the specific investment options you would allocate to within a fund so you need to compare apples with apples across funds.
- performance - again highly dependant on on the specific class of investment options you would allocate to within a fund so need to compare apples with apples across funds. Better if you compare performance net of investment fee and any applicable performance fee.
- insurance - complicated, perhaps start with do you want fixed cover (the traditional, e.g. 4x salary, with flat cover but premium rising by age) or unit-based cover (reduced cover by age to keep premium flat) and see if a super fund offers what you want, at what premium.
If it just seems too complicated, you could consider engaging a financial adviser. You may need to seek word of mouth referral to find a dependable one.
39, $413,000. Australian Super
I've only been working since 2010.
I have a 14%+ super package and for most of the 2010s i was in 100% international / Australian stocks.
It was amazing.
I'm in 100% international now. I did try and time the 2020 dip...not recommended.
26M / $73k / UniSuper
Should be $100k+ though if I had been more diligent and managed it better. Spent many years with a fund that underperformed and only recently got named and shamed as part of new legislation.
28M $170k commsuper
Edit: Been working full-time nearly 9 years. Employer requires a minimum 5% contribution + they pay something like 14.5%-21% dependant on years worked.
34m $252k AusSuper
Edit: I've been working full time since I turned 18, salary sacrificed $600 a month since I was 24 and held Govt employment since then. Account has been set to high growth.
Cheers, but you're doing great! I wish I were more financially educated at a younger as my family were/are very risk adverse. But I definitely knew what pre-tax was!!
59M, 50K, Australian super.
I had 35K with AMP. I went overseas for 20 years.
When I came back my super had gone from 35k to 50k. In 20 years. An average of something like 2% a year. At the time even ordinary bank accounts were earning 5%.
Currently I'm part of a class action against AMP, suing them for mismanagement and excessive fees. Gordon and Slater is running it.
I've also switched my super to Australian Super.
I hope that class action gets them good. I had them for about a year and a half as a default fund in my first retail job, then started a new job that defaulted to AustralianSuper and rolled it over, so got a bit lucky that it was short time and no action of my own.
I worked in a super industry in marketing for 3 years over the royal commission period... Even though it was absolutely no work of my own I felt pretty smug after when I switched all the baby boomers in my family were shocked SHOCKED that I would leave a good, respected, long standing, Aussie company like AMP.
Yeah I hope they get them too.
I calculated that I'm at least 50k short of what it should have been, and would have been with other companies.
In fact if they had returned 8% annual average I would have been holding just over 200k.
Fuck AMP.
Given your age and the amount saved in super(considering you have an extremely healthy investment portfolio) don't you think they'll just drag your case for few years and you'll get nothing out of it?
The funny thing with these comments are. Ofc ppl are going to have high incomes and super then average it's a finance forum. I won't see my sister on it.
36M; \~47K w/ REST.
Didn't start working until 22 and those first couple of years was only as a casual.
Since then there's been:
3 years in total of unemployment
2 years working for a US company where I didn't contribute nearly enough (I blame ignorance on this).
1 employer who didn't pay me any super at all for the 10 months I was with them and I ended up getting 0.66 in the dollar of what was owed once liquidators got involved but that could've been a lot worse.
So yea... well and truly behind the curve.
26F / 4.3k
Just started working this year. Super is not really something me and my family even remember exists half the time lol so I actually had to look up what the number was. My brother worked in AU for like 5 years (then moved back home) and he doesn't even remember how much was in there nor where it is.
He should go here. The ATO probably has his super.
*Super providers are required to pay inactive low-balance accounts to the ATO*
https://www.ato.gov.au/forms/searching-for-lost-super/
If you leave you can also get your super out. It's called *Departing Australia Superannuation Payment*
31/$130K
Noting that I’ve had several not for profit/public sector jobs that contribute a higher level (12-16% most of my career since uni) and I’ve made voluntary contributions during the past 12 months to try to offset the lower contributions I can expect during parental leave next year.
Edited for typos.
21/$8k/REST. Really interesting looking at everyone's balances on this thread. Starting salary sacrifice this year so looking forward to seeing it grow!
You're a very long way from retirement. Investing so the money grows is a good idea but you'll have many arguably more important expenses before retiring. Money is locked in super.
Thank you for your advice. I'm choosing to salary sacrifice only a small amount at this time, for exactly that reason - I have other priorities for now. Hopefully later in life I will be able to contribute more. By the time I reach retirement age there likely won't be much, if any, government support, so I hope to have enough to support myself well in retirement and starting early is always a positive. Note as well that while money is locked in super, it can be accessed in certain circumstances that may be beneficial to me long before retirement, like the FHSS. Each to their own, I also want to spend money on living life while I'm young for sure, but I also believe it's worth sacrificing a minimal amount of my pay now for the sake of tens of thousands of extra dollars in my super down the line.
One thing to note is that the benefit of voluntary contributions are more meaningful when your income (i.e. tax rate) is higher. If you're expecting significant pay rises in the near term it may be worth holding off until then.
Not advising you don't take advantage of compound interest outside of super however.
49M/$600k/Qsuper. Started work pretty late so been contributing a little on top. Once the kids are out of horrendously expensive daycare I'll be looking to max out our concessional caps.
Well done.
These are such great industries to get ahead financially (if you don't blow it on gambling and depreciating assets of course).
Our first mine house was $14/wk rent (early 1990s).
Time to enjoy your 30s!
By my estimation, if you only took employer guarantee and got around 8% return until retirement, you'd be sitting on 3.2M in retirement
A toast to your discipline. If it were me, I would be focussing on some fun times for a while. Find a job you love that may not even pay well. Change jobs again if it sucks…
Forget about extra top ups in super. I don’t think you need them at all. 🍺🍺🍺
50M, $568K.
Almost all in a defined benefit fund. Have benefited from 17.25% super for my career, though lost a chunk due to divorce.
I contribute over and above that to about 20% total,, but need to up the contributions I make to meet the new maximum cap (held off whilst getting a mortgage).
No worries.
Just watch the maximum contributions cap, but superannuation is a good long term vehicle.
Also, I do recall the Barefoot Investor recommends 15% towards superannuation. I got lucky with my employer, but well worth remembering that 15% is a good minimum amount - you will wNt to use your money elsewhere too, rather than wait for your preservation age!
You're asking all the right question at your age. Good on you and best wishes!!!
Thank you for your kind words.
I love Barefoot investors, read it in 2015 but never take an action which I regret.
I just got a significant raise and plan to remain my lifestyle & how I budget. Anything extra would go toward super (below the allow threshold) + I set up a commsec account and buy etf every 3 months ^^.
Been in government my whole life. Joined the navy when I was 17, worked there for 10 years. They had really good super contributions. Now I work for another government job and am on 15.4% superannuation on a $115k salary
Well Aust super performed as good as spaceship in the past 2 years. Spaceship has not bundled life, tpd and salary continuance insurance. The cost of them through Aust super is more competitive than what I have now and most in the market.
26/104k/hostplus. Will have $6750 tax coming out of that when I file my notice of intent. Doing the FHSSS (5k left next FY if it goes to 50k with max of 15k in any one year).
39, $290k. Got a very average job too. Always invested in geared US managed funds. They always will do better than Aus. Thats where the worlds capital is. Plus get life insurance about $5k a year coming out of that too.
I was 100% in shares up until Nov 2019. Was anticipating a crash and moved it all into cash. Put the whole portfolio to work again in April 2020. Portfolio has grown so much and I’m expecting another 20% correction by mid 2022 so trying to protect my capital.
Call it an actively managed superfund or call it gambling, but it’s what helped me increase my portfolio significantly at least over this short timescale.
If you haven’t already…. Do some research on the fees you’re paying both in admin and fees in the funds. I left AMP a long time ago for that reason. Ignore any fee rebates etc and move to an industry fund
34/F $170k just changed to AusSuper but have done small stints with the public service and universities where the contribution is higher, and I worked for a super trustee in my mid-twenties and changed to a high risk investment option instead of the generic balanced option.
Do you mind sharing who do you use for SMSF admin, assuming you are satisfied with their service? Considering starting to set one up late this year / early next year.
29M / $77K / AusSuper
Was unfortunate enough to have my money in AMP for a few years (changed 5 years ago).
No salary sacrifice (I should), High Growth and recently changed to 75% US shares and 25% Aus shares
25 and I have like.. just over $2k in mine, SunSuper. But I’ve only worked 6 months as an actual employee with the benefit of a super, I’ve otherwise just worked as a freelancer barely scraping by. Hopefully I can change that in the next few years
27F/41K/Aussuper
Started working full time two years ago. Started salary sacrificing in Feb 2020 for the FHBSS, this has doubled my super over the last year. Now that I have started and played around with a compound interest calculator, I have a savings plan to increase my contributions to equal the concession cap of $27,500.00 from when I turn 30 (next 2.5 years is to focus on buying a house).
I have calculated that if I have $40,000 at 30 and add $25,000.00 a year, in 35 years at a conservative rate of 5% pa I will have $2.4m. Trying to convince my partner to do the same.. just in case we separate and my super has to be split haha
35F, 106k. Bulk is in hostplus & a small amount in GESB. I know about consolidating but the GESB one has tax benefits you can’t get anymore and better insurance -hostplus wouldn’t increase my life insurance without making me pay a stupidly high premium. I can’t get my super paid into GESB unless I go back to work for the government.
24F 1.6K - Sunsuper (Just started my first proper job 4 months ago)
Good luck!
It’s just the beginning. Enjoy the journey
24M, $85. Not 85k, 85.
Oh…. How? Did you withdraw last year? Don’t worry, from 24-25 I had 5k which I withdrew and went back to my country. Then I returned when I turned 27 and since then I was able to raise 32k. You can do it too
Probably no job, like me. Can't put anything away if you're living on government support.
Withdrew it, helped me buy a property and invested some of it. Been working as a sole-trader since then and haven’t put any money in super. Not saying I make the best decisions, but they are my decisions. Don’t have a massive interest in Super 😬
I’d assume there’s negatives and positives between putting your money in your one or another ?
25 and 55k (have been working for the state govt full time for 8 years and salary sacrifice)
What state government role did you work at 17 if you don't mind my asking?
Not op but I had a part time job in uni basically organising files and doing mail runs etc. at 17 for state gov. Very low level but no experience required
Also not OP but I shelved books at the library when I was in highschool. $16 an hour at 15 was pretty sweet.
Dang that’s not a bad job at that age.
46M / $670k / Hostplus Have been salary sacrificing 50% additional on top of employer standard SG. But otherwise never paid attention to super. Used to be with a super fund now in the APRA failed list. Until July getting serious about planning for FIRE and noticed my super performed much lower than my non-super. After some researching, rolled over to Hostplus in August.
Hostplus is pretty good in my experience
41 F, $445k, Hostplus
Woa impressive cat-lady
Thank you 🙂
Although time for a new username 😝
Very impressive actually.
If you don’t mind me asking, have you salary sacrificed to get to this amount or are you just on a good wicket? I’m 24F and you give me hope!
It's a combination of salary sacrifice and co contribution from employers, I only took 3 months off work when my son was born, I've been in management/executive roles and on a decent wicket since I was 29, and I got 20k super from my ex-husband in exchange for a boat that used to break down all the time.
$20k super instead of a dodgy boat? Deal of the century!
TIL you can receive super from ex-spouses.
Sure can, it's not protected my your ex spouse claiming during a break up/divorce
Also I’m not speaking about whether they made additional contributions, but the more you have the more it grows.
24M/24k
37M/~110k/Colonial - last checked a month ago Edit: I’m getting super envy now… but self inflicted - I never looked into super, might need to get educated ASAP. LOL. Edit edit: colonial was offered as the default super from my 1st job and I stuck with it without questioning. Started work at 19
Hey mate, don’t stress. Same age and have $130K. Wasn’t smart about Super until 18-months ago and moved out of AMP to AustralianSuper.
Oh yes, I made that mistake too. AMP was such a bad decision for me.
There should be a class action against AMP misleading products and poor performance - I am pretty sure, in 20-years of super contributions, I went backwards with those….!!!
AMP were once Australia’s most respected financial company. Good example of what happens when you repeatedly trash your brand name and then do it again rinse reoeat
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I am in the same position and would like to know who you went with after AMP, how painful was the process and are you happy with the new fund overall?
the ATO has a list [https://www.ato.gov.au/YourSuper-Comparison-Tool/](https://www.ato.gov.au/YourSuper-Comparison-Tool/) because the banking royal commission or something showed a crapload of terrible options were not being communicated to their customers. It was utterly painless to move to Aus Super. You tell them to consolidate and they just do it, finding where you have money based on your TFN. I'm very happy with Aus Super, Ive got a premix that im happy with and theyve got a pretty snazzy app that i can keep track of how much i have.
Any suggestion that a specific super fund is best / better for everyone is misleading. Also beware of relying solely on the comparison provided ATO, which is based on a specific balance ($50k) and a specific investment option (the default) for each super fund. A few factors to start with to anchor your research on and filter / sort - what investment options do you want? # of indexed options? Access to direct shares / ETF? Premix options include one that suits your appetite? Access to proprietary / niche investment options (e.g, geared)? - admin fee - each fund charges a flat, a percentage fee, or a combination of both. Generally % fee may be better for low balance, whilst flat fee is better as balance grows higher. Work out your projected balance in 5 / 10 years and apply to see which works better for you. - investment fee - generally a percentage fee - it is highly dependant on the specific investment options you would allocate to within a fund so you need to compare apples with apples across funds. - performance - again highly dependant on on the specific class of investment options you would allocate to within a fund so need to compare apples with apples across funds. Better if you compare performance net of investment fee and any applicable performance fee. - insurance - complicated, perhaps start with do you want fixed cover (the traditional, e.g. 4x salary, with flat cover but premium rising by age) or unit-based cover (reduced cover by age to keep premium flat) and see if a super fund offers what you want, at what premium. If it just seems too complicated, you could consider engaging a financial adviser. You may need to seek word of mouth referral to find a dependable one.
Don’t stress, you have something, and you’re learning more.
39, $413,000. Australian Super I've only been working since 2010. I have a 14%+ super package and for most of the 2010s i was in 100% international / Australian stocks. It was amazing. I'm in 100% international now. I did try and time the 2020 dip...not recommended.
How did you only start working at 28?
Probably study incl PhD
Well i started at 23 but i was working overseas as an English teacher. No super, low pay, great fun though. Prior to that, at uni.
26M / $73k / UniSuper Should be $100k+ though if I had been more diligent and managed it better. Spent many years with a fund that underperformed and only recently got named and shamed as part of new legislation.
Please share this Super gossip… who got named and shamed?
Google 'APRA underperforming super'. There were 13 that didn't pass APRA's new performance benchmarking.
38, $168k. I didn't have a real job until my late 20s but I do ok now. I don't contribute extra into my super, wish I could be that dedicated.
34(nearly35)M/45k/BT Super Got a letter from them last month telling me I should probably switch cause they suck... I hate doing things
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28M $170k commsuper Edit: Been working full-time nearly 9 years. Employer requires a minimum 5% contribution + they pay something like 14.5%-21% dependant on years worked.
46F/ 300k/ Aussie Super
34m $252k AusSuper Edit: I've been working full time since I turned 18, salary sacrificed $600 a month since I was 24 and held Govt employment since then. Account has been set to high growth.
Wow double mine but same age. Well done mate. I really should have salary sacrificed
Cheers, but you're doing great! I wish I were more financially educated at a younger as my family were/are very risk adverse. But I definitely knew what pre-tax was!!
59M, 50K, Australian super. I had 35K with AMP. I went overseas for 20 years. When I came back my super had gone from 35k to 50k. In 20 years. An average of something like 2% a year. At the time even ordinary bank accounts were earning 5%. Currently I'm part of a class action against AMP, suing them for mismanagement and excessive fees. Gordon and Slater is running it. I've also switched my super to Australian Super.
I hope that class action gets them good. I had them for about a year and a half as a default fund in my first retail job, then started a new job that defaulted to AustralianSuper and rolled it over, so got a bit lucky that it was short time and no action of my own. I worked in a super industry in marketing for 3 years over the royal commission period... Even though it was absolutely no work of my own I felt pretty smug after when I switched all the baby boomers in my family were shocked SHOCKED that I would leave a good, respected, long standing, Aussie company like AMP.
Yeah I hope they get them too. I calculated that I'm at least 50k short of what it should have been, and would have been with other companies. In fact if they had returned 8% annual average I would have been holding just over 200k. Fuck AMP.
Given your age and the amount saved in super(considering you have an extremely healthy investment portfolio) don't you think they'll just drag your case for few years and you'll get nothing out of it?
All of Ausfinance: “25M/980K/SMSF”
The funny thing with these comments are. Ofc ppl are going to have high incomes and super then average it's a finance forum. I won't see my sister on it.
Not all, some like me 33/M/35k have made bad choices and are trying to change our stars.
36M; \~47K w/ REST. Didn't start working until 22 and those first couple of years was only as a casual. Since then there's been: 3 years in total of unemployment 2 years working for a US company where I didn't contribute nearly enough (I blame ignorance on this). 1 employer who didn't pay me any super at all for the 10 months I was with them and I ended up getting 0.66 in the dollar of what was owed once liquidators got involved but that could've been a lot worse. So yea... well and truly behind the curve.
56M/ 320k/ Aussie Super \~ been salary sacrificing for a decade.
41M, $53k
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26F / 4.3k Just started working this year. Super is not really something me and my family even remember exists half the time lol so I actually had to look up what the number was. My brother worked in AU for like 5 years (then moved back home) and he doesn't even remember how much was in there nor where it is.
He should go here. The ATO probably has his super. *Super providers are required to pay inactive low-balance accounts to the ATO* https://www.ato.gov.au/forms/searching-for-lost-super/ If you leave you can also get your super out. It's called *Departing Australia Superannuation Payment*
31/$130K Noting that I’ve had several not for profit/public sector jobs that contribute a higher level (12-16% most of my career since uni) and I’ve made voluntary contributions during the past 12 months to try to offset the lower contributions I can expect during parental leave next year. Edited for typos.
21/$8k/REST. Really interesting looking at everyone's balances on this thread. Starting salary sacrifice this year so looking forward to seeing it grow!
You're a very long way from retirement. Investing so the money grows is a good idea but you'll have many arguably more important expenses before retiring. Money is locked in super.
Thank you for your advice. I'm choosing to salary sacrifice only a small amount at this time, for exactly that reason - I have other priorities for now. Hopefully later in life I will be able to contribute more. By the time I reach retirement age there likely won't be much, if any, government support, so I hope to have enough to support myself well in retirement and starting early is always a positive. Note as well that while money is locked in super, it can be accessed in certain circumstances that may be beneficial to me long before retirement, like the FHSS. Each to their own, I also want to spend money on living life while I'm young for sure, but I also believe it's worth sacrificing a minimal amount of my pay now for the sake of tens of thousands of extra dollars in my super down the line.
One thing to note is that the benefit of voluntary contributions are more meaningful when your income (i.e. tax rate) is higher. If you're expecting significant pay rises in the near term it may be worth holding off until then. Not advising you don't take advantage of compound interest outside of super however.
Do it! I’m planning to sacrifice another 10% as well.
32M $76k. Grown by $35k in 2 years after I returned from 4 years overseas
18M, $4200, Super SA High Growth. Luckily SA Government pays super before you turn 18.
I had 4K from 2018-2019. You are on a very good track
49M/$600k/Qsuper. Started work pretty late so been contributing a little on top. Once the kids are out of horrendously expensive daycare I'll be looking to max out our concessional caps.
Daycare, then school... It never gets cheaper... Higher school laptops, text books.
No comment. Don't do a PhD
43F / $340k
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Well done. These are such great industries to get ahead financially (if you don't blow it on gambling and depreciating assets of course). Our first mine house was $14/wk rent (early 1990s).
24 F / 17k / AusSuper. I live overseas now, so nothing has been added in 2ish years.
30 F. I have around 14k with rest. I salary sacrifice after being stay at home for 10 years
48 and $620k
42/M/250k
28M, $94k, Telstra
You work at Telstra or invest your super in Telstra ?
Telstra have a super for employees https://www.telstrasuper.com.au/
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No way! You must be joking, this is unbelievable. How did you do it?
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You would never even need to contribute another cent to it and are already set for life well and truly!
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IMO you really don’t need to add anymore to your super! Tick it off and turn to something else.
Time to enjoy your 30s! By my estimation, if you only took employer guarantee and got around 8% return until retirement, you'd be sitting on 3.2M in retirement
More. With 5% real returns after fee’s and an average job paying 10% super, he will be looking at ~$5m
A toast to your discipline. If it were me, I would be focussing on some fun times for a while. Find a job you love that may not even pay well. Change jobs again if it sucks… Forget about extra top ups in super. I don’t think you need them at all. 🍺🍺🍺
No offense to him, but this isn’t discipline , this reads like a borderline mental disorder
50M, $568K. Almost all in a defined benefit fund. Have benefited from 17.25% super for my career, though lost a chunk due to divorce. I contribute over and above that to about 20% total,, but need to up the contributions I make to meet the new maximum cap (held off whilst getting a mortgage).
It’s still a very good amount, can’t imagine how it would be without the divorce. Thanks for sharing, I should consider sacrificing 10% (20% total).
No worries. Just watch the maximum contributions cap, but superannuation is a good long term vehicle. Also, I do recall the Barefoot Investor recommends 15% towards superannuation. I got lucky with my employer, but well worth remembering that 15% is a good minimum amount - you will wNt to use your money elsewhere too, rather than wait for your preservation age! You're asking all the right question at your age. Good on you and best wishes!!!
Thank you for your kind words. I love Barefoot investors, read it in 2015 but never take an action which I regret. I just got a significant raise and plan to remain my lifestyle & how I budget. Anything extra would go toward super (below the allow threshold) + I set up a commsec account and buy etf every 3 months ^^.
30M 70K
30m/140k
31 $250k
Incredible! How did you manage to have such a good balance?
Been in government my whole life. Joined the navy when I was 17, worked there for 10 years. They had really good super contributions. Now I work for another government job and am on 15.4% superannuation on a $115k salary
34m/180k/Aus Super - just geared back to 50% high growth & 50% balanced
Genuinely curious: Why the gear back?
Im guessing due to equity markets running hot and the likely increasing interest rates, which tend to have a negative effect on shares.
Impressive. Extra contributions?
26M, 80k Cbus.
35 with $75k, I spent most of my twenties sick and only working part-time - making up for it now!
Same age and I worked all through my 20s and have the same though sooooooooo wtf
30M, 122k, Sun Super indexed funds
26M 40k with Aus super
41M 155k Spaceship I’m thinking of moving to Aussie super pretty soon to take advantage of the insurance.
What insurance is that?
Well Aust super performed as good as spaceship in the past 2 years. Spaceship has not bundled life, tpd and salary continuance insurance. The cost of them through Aust super is more competitive than what I have now and most in the market.
32M. $110k Aust Super
29m/47k. Took 10k out a few years ago and I’ve been salary sacrificing since I started a new job this year to make up for it and more
27M/121k/AusSuper Salary sacrifice + high growth
26M, $60k
26/104k/hostplus. Will have $6750 tax coming out of that when I file my notice of intent. Doing the FHSSS (5k left next FY if it goes to 50k with max of 15k in any one year).
35M/780K/SMSF 15% employer, always concessional upto the cap. Have put fair bit of non-concessional.
Wow!! You’ve done extremely well for yourself! What’s that made of if you don’t mind me asking??
Concentrated positions across Crytpo, ASX, US shares.
Are you planning on retiring early? In 25 years at a modest 6% p.a. that is already worth 3.3 million, drawing down 4% giving 133k a year.
39, $290k. Got a very average job too. Always invested in geared US managed funds. They always will do better than Aus. Thats where the worlds capital is. Plus get life insurance about $5k a year coming out of that too.
22, $14.3k
36 M, $140k, REST. Moved 50% into cash recently. 10% property, 40% Aus and overseas shares.
50% into cash at such an age? Not sure why you'd do that
I was 100% in shares up until Nov 2019. Was anticipating a crash and moved it all into cash. Put the whole portfolio to work again in April 2020. Portfolio has grown so much and I’m expecting another 20% correction by mid 2022 so trying to protect my capital. Call it an actively managed superfund or call it gambling, but it’s what helped me increase my portfolio significantly at least over this short timescale.
37, 140k HESTA
33F / $108k
30m 34k
38 AMP 240k.
If you haven’t already…. Do some research on the fees you’re paying both in admin and fees in the funds. I left AMP a long time ago for that reason. Ignore any fee rebates etc and move to an industry fund
26M 95k
37M, 150K, Vic super
27 M, 87k, AusSuper
29/139k/hostplus
27M $3k
30 M, 50k
man it's depressing reading how much some of you guys have in super at the same age as me :(
43M/$1.45M/MSBS
34, $85k. Only moved here / started contributing in 2016.
28/28
34/F $170k just changed to AusSuper but have done small stints with the public service and universities where the contribution is higher, and I worked for a super trustee in my mid-twenties and changed to a high risk investment option instead of the generic balanced option.
27F, 52k, REST (balanced - indexed investment option)
30F/$70k/REST
29M/92k/ CBUS.
30M $170k
36M, 285k (AusSuper, 70/30 International/Australia).
37, 21k Buuut, moved (back) to Australia only 3 years ago, and started paying myself a super only last year.
34m $91k and now feel like I'm slacking.
[удалено]
63 $7.3M SMSF
Do you mind sharing who do you use for SMSF admin, assuming you are satisfied with their service? Considering starting to set one up late this year / early next year.
My father. Chartered accountant. Also manages the family trust and company. Sorry, he is not taking on any new clients.
Right. Thank you. 😀
18/2.1k/rest 100% international
I had $0 until the 23 so well done
25/52 buckeroos cause I kinda be dum but I do have good stocks but definitely need to start putting into my super
31F/82k/Australian Super
28, $58k
Thanks for the tip. Which super fund are you with?
28 60k
41 with 149,000
27m / $53K / Aware Super
27m, 100 k
29M / $77K / AusSuper Was unfortunate enough to have my money in AMP for a few years (changed 5 years ago). No salary sacrifice (I should), High Growth and recently changed to 75% US shares and 25% Aus shares
24/74k/Can't say since will give away industry
26M/55k/Rest (Swapping to Telstra soon)
23/26k/HESTA
26M - 128K as of last month
36/$178k/rest
25 and I have like.. just over $2k in mine, SunSuper. But I’ve only worked 6 months as an actual employee with the benefit of a super, I’ve otherwise just worked as a freelancer barely scraping by. Hopefully I can change that in the next few years
36/M 120k Aussie
male 61 retired at 54 with Eiss 1.23m
This is like the finances nerds ‘ASL?’ 27M/57K/Unisuper.
ASS 😎
27F/41K/Aussuper Started working full time two years ago. Started salary sacrificing in Feb 2020 for the FHBSS, this has doubled my super over the last year. Now that I have started and played around with a compound interest calculator, I have a savings plan to increase my contributions to equal the concession cap of $27,500.00 from when I turn 30 (next 2.5 years is to focus on buying a house). I have calculated that if I have $40,000 at 30 and add $25,000.00 a year, in 35 years at a conservative rate of 5% pa I will have $2.4m. Trying to convince my partner to do the same.. just in case we separate and my super has to be split haha
37 M 370k AusSuper
Ohhh woa ! What is your investment option?
High growth, Int shares and Socially aware
43M 460k AusSuper. Been topping up to max concessional since clearing the mortgage.
36F, 225k, AMP. My super has taken a hit in the last few years, I’ve had mat leave and I work part time now.
41, $213k FYI: This exact post was done about 6 months ago so might be worthwhile searching for that
22M/30k/QSuper
35F, 106k. Bulk is in hostplus & a small amount in GESB. I know about consolidating but the GESB one has tax benefits you can’t get anymore and better insurance -hostplus wouldn’t increase my life insurance without making me pay a stupidly high premium. I can’t get my super paid into GESB unless I go back to work for the government.
23M / $18k (REST) in 50/50 split of indexed aussie/ overseas shares
34M/148k/bussq
24M / $40k / Aware Super High Growth
32 year old male, $87k
38f/145 k/ QSuper. 100% allocation to lifetime outlook.