How much is the average superannuation paid benefit in Australia?
One million dollars? Lower.
$750,000? Lower.
$500,000? Lower.
$250,000? Best guess.
The current average superannuation paid benefit in Australia is $280,000. Not much, huh?
Alan Kohler, host of ABC’s Inside Business, calculated that this would provide an annual income of around $15,000, or $577 per fortnight. Combined with the pension, a single retiree would get $1,099 per fortnight instead of the pension of $733. A couple would get $1,528 instead of $1,106.
He questions whether it is worth sacrificing more than 9% of your annual salary for this type of return.
The idea of working hard all your life to save money to enjoy your 'retirement' is seriously flawed. If you enjoy work, why would you want to quit 'cold turkey'?
Could you imagine a life where you are doing what you want to do and happy to keep generating an income as long as you live?
What do you think?
Comments
Post has no comments.