AustralianSuper Money Talks seminars encourage a different way of thinking about superannuation


Guest speaker Micheal Kallis from AustralianSuper explained to the crowd how to boost their superannuation.
Guest speaker Micheal Kallis from AustralianSuper explained to the crowd how to boost their superannuation.

DOZENS of people seized the opportunity to attend the third of four free Money Talks Education Seminars hosted by Community Newspaper Group at The Vines Resort on Wednesday.

The evening was MCed by Community Newspaper Group editor-in-chief Matt Zis, who opened with an example that resonated with someone from a young generation, who might not have put any thought towards super.

In a world where the pension age is rising – meaning Generation X and Y will probably not receive the pension – hearing that a 25-year-old who puts away $50 a month for 40 years will have $175,000 in super by the time they retire was a timely reminder that it is never too early to start thinking about it.

AustralianSuper guest speakers Michael Kallis and Anna Brady discussed ways to get superannuation in order, encouraging the mostly baby boomer crowd to set personal goals around the lifestyle they planned to lead in retirement.

The group was asked to write down how old they would like to be when they retire, and how much they would like to have.

Mr Kallis and Ms Brady explained how to achieve those goals through policies such as Transition to Retirement, where individuals can keep working full-time and boost super, or reduce work hours and soften the drop in income.

National Lifestyle Villages chief executive John Wood also shared information about the over-45s lifestyle living concept at the event.

He provided relevant information about how downsizing towards retirement could free significant capital from your main asset – your house – for superannuation investment.

Mr Zis said the events had been well received and would not have been possible without the support and financial expertise of AustralianSuper.

“We’d love to hold more free advice events for our readers on a range of topics but will be relying on the support of businesses like AustralianSuper to be able to achieve this,” he said.

“The feedback I’ve had from Money Talks attendees has been very positive.”

The final seminar was held on Thursday at the Mt Lawley Bowling Club.