Aussies not acting on super fears
Despite 71 per cent of surveyed Australians feeling they do not have enough super to live comfortably in retirement, there is a disconnect between that fear and taking action to remedy it, Intrust Super has found.
The fund surveyed 1,700 people, of which 72 per cent were not currently making personal contributions to their super and 32 per cent had no plans to ever make personal contributions.
“This represents a discrepancy between peoples’ anxiety about their retirement futures, and their ability to make real progress towards their futures,” Intrust Super chief executive, Brendan O’Farrell, said.
The fund found that 40 per cent of those surveyed were interested in making extra contributions but weren’t yet doing so. Eighty per cent of those who would consider contributing more to their super believed they couldn’t afford to do so.
“Analysis of the survey shows that Australians aren’t contributing to their future because they can’t afford to, don’t have the time, or believe setting up contributions is too hard,” Farrell said.
“If we can help them make sense of their super now, it could add up to thousands of extra in retirement savings for their futures. Every little cent counts.”
Recommended for you
AMP’s superannuation business has returned to outflows in the third quarter of 2025 after reporting its first positive cashflow since 2017 last quarter.
The major changes to the proposed $3 million super tax legislation have been welcomed across the superannuation industry.
In holding the cash rate steady in September, the RBA has judged that policy remains restrictive even as housing and credit growth gather pace.
A new report warns super funds must rethink retirement readiness as older Australians use super savings to pay off housing debt.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
215.17 3 y p.a(%)
2
Lakehouse Small Companies
152.92 3 y p.a(%)
3
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
4
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
5
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
