POWERED BY MOMENTUM MEDIA
Majority of Australians failing to top up super
Only 14% of people with superannuation are making regular contributions to their super fund and missing out by failing to salary sacrifice, according to Finder.
The survey of 722 people found only one in five (19%) had made one-off contributions in the past.
Despite not making any contributions previously, one in five (21%) Aussies with super said they were planning to do so in the future. Nearly half (46%) said they had no intention of bulking up their balance.
Alison Banney, superannuation expert at Finder, said prioritising super early was the key to early retirement, and an especially important consideration during inflation.
Over the 12 months to July, the Consumer Price Index rose by 6.1%, with Treasurer Jim Chalmers predicting inflation to reach 7.75% by the end of the year.
"If you can afford it, sacrificing even just $100 or $200 each month will make a huge difference when it comes to retirement, thanks to compounding interest.
"While the recent share market drop is worrying for those who need to access their super now, it's also an opportunity to continue investing through the downturn while stocks are cheaper."
Gen X was the most likely to make monthly contributions to their super (17%), compared to 10% of Gen Z. More than a third of Gen Z (39%) said they planned to make a salary sacrifice in the future.
The survey also found one in 10 Australians with super (9%) did not know the name of their fund provider – equivalent to approximately 1.5 million people. Among Gen Z, that figure went up to one in six (16%).
In addition, 11% of super customers admitted they had never checked the performance of their fund and another 9% had not reviewed their fund’s performance in over a year.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
