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Don't know if there's a section for financial depression

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Ausbloke19

Active member
Joined
Dec 6, 2019
Messages
35
Location
Aus
have 17 missing years of superannuation contribution. this means I have fallen way behind on super at my age. i know you could catch up but that will be a effort and a half. it means i will retire short of normal super savings when i to withdraw. anyone else in same situation or know implications of short super?
 
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Di9nysus

Well-known member
Joined
Nov 27, 2019
Messages
189
Location
Ayrshire
Hi Aus,

I had a quick read on superannuation and it looks similar to a UK company pension plan. This is when workers pay into a company pension and company put money towards your pension as well.

Here we have state pension on top of this which everyone obtains on retirement if you have been working a minimum of 1 year during your working life.

Do you have access to financial advisers that specialise in superannuation? Or even an older family member or friend that can advise?

Di9
 
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Ausbloke19

Active member
Joined
Dec 6, 2019
Messages
35
Location
Aus
Hi Aus,

I had a quick read on superannuation and it looks similar to a UK company pension plan. This is when workers pay into a company pension and company put money towards your pension as well.

Here we have state pension on top of this which everyone obtains on retirement if you have been working a minimum of 1 year during your working life.

Do you have access to financial advisers that specialise in superannuation? Or even an older family member or friend that can advise?

Di9

that's okay, i'll have to just find a way of catching up. here we are only allowed a maximum of 25k per year to top up. it will take me 2 to 3 years to catch up.
 
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