One of the best things about employment in Australia is superannuation. Under current laws, employers must pay 9.5% of your salary into an approved fund that is set aside for your retirement.
But with the age at which you can get the pension rising from 65 to 67 over the next few years, many people having larger mortgages than ever before, and life expectancy increasing, the amount of money needed to live comfortably after leaving the full-time workforce is a challenging question. So how much money do you actually need at retirement?
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