There’s one simple rule for retirement planning. It’s never too early. So if you haven’t started yet, start now. There are a number of things you should consider doing.

Review your super

The first thing you need to do is see whether you have enough super to fund the kind of retirement you want. You can use our super calculator to get an idea of how much you might have when it’s time to retire.

Get your super together

If you have more than 1 super fund, you’re probably getting hit with multiple sets of fees. Getting all your super accounts together with Cbus means you only get charged 1 set of fees. What’s even better is that Cbus’ fees are among the lowest in the industry. Find out here how to rollover your other super accounts.

Consolidate your investments

Super is one of the most tax effective ways to invest your money, so it’s worth reviewing your other investments and maybe transferring the money to super. Obviously, before you do this, you should consult a financial planner.

Consider salary sacrifice

You may be able to arrange with your employer to make super contributions from your before tax salary. This is called salary sacrifice and there can be some great tax advantages in doing this.

Consider your retirement options

Cbus offers two different ways you can access your super when you retire. Both ways ensure you continue to benefit from being a member of Cbus. You can take your super as regular income payments through the Cbus Super Income Stream or you can make partial withdrawals from your super with Cbus’ Partial Withdrawal Option.

Get some advice

Before you make any major decisions it’s important to get professional advice. You can talk to Cbus about your retirement options by calling us on 1300 361 784, you can see a Cbus financial planner or you can attend a free retirement planning seminar.