For many people, thinking about superannuation is the go-to cure for insomnia. This isn’t all bad, in that so long as your superannuation foundations are set-up right, it is something that needs to be left alone to grow – too much fiddling around can be extremely costly.
But ignoring your superannuation savings completely is a mistake. Your superannuation savings are likely to be either your largest or second largest financial assets, depending on house price movements.
So let’s take a quick run through the things that are important to know about your super, to ensure this important asset is set to deliver you the best financial outcome possible.