After working until 67, an individual needs $55,932 a year for a comfortable retirement, while a couple needs $78,566, according to the latest data. But the goalpost keeps being pushed further. The Association of Superannuation Funds of Australia (ASFA) says that living pressure and housing insecurity have further increased the superannuation required for a comfortable retirement. For migrants who often start their Australian careers later, what does a good retirement plan look like? How can you make your super work for you? What options are available for self-employed workers and those in trades without employer super benefits? Find out in this conversation with tax expert Deepika Sharma.
Disclaimer: The information given in this podcast is generic in nature and for advice specific to your situation, consult a professional. Views expressed in the podcast/article belong to the individual and do not represent SBS's views or policies.
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