Migrants urged to check superannuation closely

Australians from non-English speaking backgrounds are being encouraged to look closely at their superannuation because they are likely to have lower balances than other Australians. Image: Superannuation can be a big issue for migrants (AAP)

Source: AAP

The Association for Superannuation Funds says, to retire with a comfortable lifestyle, a couple needs about $640,000 in super -- assuming they own their home and are mortgage-free.

 

But many people, particularly those of non-English speaking backgrounds, are far from that.