Super milestones and tips at every age

Throughout your working life, there are a series of super milestones you will encounter; each milestone presenting a unique opportunity to help you improve your financial future. 

In your 20s and just starting out

You’ve just started working and you’re enjoying the freedom that a salary provides. It’s tempting to blow your wages on holidays, entertainment and the latest must-have designer items, but now is the best chance you’ll ever have to build your financial future.

The most important thing here is to remember that you have time on your side! 

One of the key things you can do is get your investment strategy right and make an active decision for your super investment. Ever heard of that little thing called compounding returns? Well, you’re poised to take the most advantage of compounding returns simply because your super has the longest investment timeframe.

Some tips for you:

  • Maximise your investment returns! You have plenty of time to ride the ups and downs of a high-growth investment strategy that delivers greater returns over time – plus you benefit from years of compounding returns.
  • Get free money from the Government. If you’re a low-income earner, you could get a little help from the government in the form of either the Government co-contribution or the Low Income Superannuation Tax Offset.

In your 30s – ticking along in life

Your career is ticking along nicely, and life may take on a new shape for you in your 30s – you may have bought a house, changed jobs, got married or even started a family. If anything, your financial future will become even more important as your responsibilities start to increase.

The good news is that your money will be invested for a long time, so you can benefit from years of compound interest.

Some tips for you:

  • You may have had a few jobs by now – consolidate your super! Roll in super from other funds so that you’re paying less in fees and managing your super investment more efficiently.
  • Start to salary sacrifice if you haven’t already – start small and be consistent – it will really make a big difference in the long run.
  • Your money’s invested for a good while yet, so you can still invest in higher-growth options that’ll deliver greater returns over time.
  • Are you covered? If you’ve now got a mortgage or people who rely on you, being adequately insured is really important.

In your 40s – things are getting serious now!

By now, you probably have significant financial commitments, but now’s not the time to put your super at the back of your mind. Although super may not be your first financial priority, you will continue to benefit from years of contributions and compounding returns.

As you near the mid-point of your working life, take stock of where your savings are at and make adjustments to make sure you set yourself up comfortably for the future.

Some tips for you:

  • Boost your super. To make sure you reach your savings goals, think about making additional contributions. Remember that super offers more tax concessions than other investments, so it’s a win-win situation!
  • Review your investment strategy, remembering that you’ll still be invested in super for decades to come.
  • Make sure you’ve nominated beneficiaries for your super in case something happens to you

In your 50s and 60s with retirement on the horizon

You’ve worked hard all your life, and retirement is around the corner. You’re about to embark on an exciting new phase of your life and it’s time to get cracking with retirement planning!

Visualise how you see yourself in retirement. Whatever your plans, it’s going to cost money – will you have enough to provide the retirement you want?

Your attitudes to risk are probably changing, so it’s important to review your investment strategy regularly to ensure you’re getting it right.

Some tips for you:

  • Meet with a financial planner. They’ll help you work out how much you need for retirement, whether you’ll have enough to do the things you plan to do in life after work. It’s probably the best thing you can do for your future - right now.
  • Continue to contribute into your super. These days, we’re living longer - make sure you build up enough savings to go the distance.
  • Revisit your retirement goals and consider your investment and contribution strategy.


The information on this page has been issued by Maritime Financial Services Pty Limited (MFS). It contains general information that doesn’t take into account your individual objectives, financial situation or needs. It’s important to consider how appropriate this general information is in relation to your situation before making an investment decision. We recommend that you seek financial advice before making any decisions regarding your super or investments. The information on this page is current at the time of publishing.