A REALITY CHECK
The table below was produced by the Association of Superannuation Fund (AFSA). To summarize, costs have increased from 1.0% in Brisbane to 1.8% in Sydney over the last 12 months. Think electricity, rates, private health insurance, car costs and many more areas that may impact on your budget. And for many parts of our budget, we have no control.
So here it is. What could you change? And if you need more money, where do you source it? Think retirement, retirement planning, superannuation, investments. If you don’t put it aside now, it can’t be there later!!!!
The figures above in each case assume that the retiree/s own their own home and relate to expenditure by the household. This can be greater than household income after income tax where there is a drawdown on capital over the period of retirement. Single calculations are based on female figures. All calculations are weekly, unless otherwise stated.
NOTE: The information above is, of necessity, general in nature. It should not be relied upon. For more targeted advice, please contact our office or your super/finance consultant or ASK us to direct you to one of our network of experts.
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