Salary sacrifice $20 a week into super for $70,000 more by retirement
A 30-year-old earning $105,000 could add $70,000 to super by retirement. This takes just 1% salary sacrifice.
Growing your money over time is key to building super wealth, even with small amounts. A 30-year-old earning $105,000 a year could add more than $70,000 by retirement.
Salary sacrificing just 1% of their income achieves this. That's about $20 a week.
"The magic of superannuation really relies on compounding interest," Mary Delahunty, CEO of the Association of Super Funds of Australia, said. Super provider MLC says extra contributions jumped 79% between May and August compared with the same period in 2024.
The budget, tax changes and end-of-year planning might have prompted people to reassess their finances. How you invest also matters.
Younger workers can choose high-growth options. Those close to retirement often prefer safer approaches.
- $20
- Weekly sacrifice
- $70,000
- Retirement gain
- 79 percent
- Contribution jump
- 30 years old
- Employee age
Why it mattersStarting early with small super contributions can boost retirement savings. This gives workers a more secure future.
AustraliaAustralian workers can use salary sacrifice through their employer to boost their super and reduce their taxable income at the same time.
✓ Claims checked against the source and corrected before publish. checked 4 d ago
