Generally your employer pays a 9.5% superannuation guarantee. This means whatever you earn, your employer commits to paying this amount into your nominated super account. 

 

If you’re self-employed, you’re not legally required to make any super contributions, but you may find making voluntary contributions results in tax benefits.

 

In most cases, you can also make additional superannuation contribution payments whenever you choose before retirement – this means you may be able to retire sooner and have a larger final payout.

 

At Australian Military Bank, we have a number of retirement savings and superannuation accounts with a range of features and benefits that may help assist with your retirement. 

 

Savings are the foundation of any solid retirement plan. For most people, the best way to start working on their savings is to pay off all their debts first. We’ve put together some handy tools and tips to help you take control of your budget and get your savings moving. 

 

The sooner you get your debt under control, the sooner you can put more time and resources into building your retirement nest egg.

 

If you’re hoping to retire in the next 10 years it’s worth checking out the Department of Human Services website to see where you stand.

 

If you’re 55 years and over and receiving a Government pension our Deeming Access Account is a smart way to manage your pension and the interest you earn on your savings. We also offer a Capital Guaranteed Pension Account which can provide a regular income stream during your retirement. 

If you’re looking to safeguard your retirement savings or manage your own superannuation, we can help. Plus, all our superannuation accounts are covered by the Financial Claims Scheme and you can choose from: