CAREER BREAK: WHAT DO YOU NEED TO CONSIDER?

CASH FLOW MANAGEMENT

Every little saving can make a huge difference long term. For example, even something as simple as forgoing that second cup of daily coffee can equate to big gains. According to the ASFA calculator, a saving of just $3.80 per day with a 5% growth over 37 years could add over $144,000 to your super.

SUPER CONSOLIDATION

Look to consolidate super into a single fund if you haven’t already. Speak to a financial adviser to check how switching might affect your insurance, benefits and any exit fees in your current fund.

SUPER ASSET ALLOCATION

Having time on your side gives you the ability to ride out any market volatility over the long term. Making informed choices around this is important. Talking to a financial adviser can help navigate the options that might best suit your circumstances.