It is free to use the Australian Super ‘Super Health Check”
Just four easy steps and it will suggest to you how you are travelling along for retirement.
It has always annoyed me that men tend to have so much more superannuation than women. It annoys me that while you are on maternity leave your super contributions stop and if you work part time after having children, well your super suffers again. There isn’t much I can suggest for this, but look out for government schemes that reward low income earners for making contributions. When I was on maternity leave with both the girls we managed to put in $1000 to my super account, this was matched by the government (because I was in the ‘broke as a church mouse’ demographic) which allowed $2000 to go into my super, which while isn’t heaps, it will be invested for 30 years. Doing that for both girls is $4000, and using a compound interest calculator with, at a rate of 5% for 30 years, that will turn into just under $18,000.