Warning over new superannuation laws designed to protect consumers dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
New research has found that Australians are burning out their super savings, making a strong argument for the need to raise the super guarantee, according to ASFA.
Aussies dying without a cent of super to their names whitsundaytimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from whitsundaytimes.com.au Daily Mail and Mail on Sunday newspapers.
Aussies dying without a cent of super to their names cqnews.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cqnews.com.au Daily Mail and Mail on Sunday newspapers.
Australians in their mid-forties need to have more than $200,000 saved up in super to be on their way to a comfortable retirement.
The Association of Superannuation Funds of Australia recommended a single Australian have $535,000 tucked away to live in a bit of style while couples needed $640,000 for an equivalent lifestyle.
Many Australians are a long way from achieving that savings goal with official data showing average super balances of just $286,800 in the final decade before retirement.
Australians in their forties need to have $200,000 saved up in super to be on their way to a comfortable retirement (stock image)
How much YOU should have in super by age