Our Point of View

At times, significant wealth creation in Australia can seem unobtainable. Luckily, there are a few strategies you can use to ensure continued wealth creation over the course of your life.

If you’re in your 30s and want to start getting serious about sorting out your money, here are 6 things you should be doing to safeguard your future.

Superannuation, or super, is a percentage of your income put aside by your employer over your working life to help fund your retirement. It’s a compulsory system in Australia that requires contributions to be made, most commonly, into either an APRA-regulated retail or industry superfund (run by a board of trustees) or an ATO-regulated self-managed super fund (run by the members).

It is possible to set up a super fund for under-18s. The bigger question is, should you? According to Australian Tax Office data, over 40,000 boys and more than 35,000 girls aged under-18 already have their own super accounts.