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Migrants urged to check superannuation closely

Superannuation
Source: Press Association

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. 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.


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By Harita Mehta, Ricardo Gonçalves

Source: SBS




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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. 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.



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