Six common misconceptions about savings

Super generally isn’t covered by your will, so it’s important to nominate a beneficiary so your super fund knows where you want it to go when you’re gone.

Knowing the average super balance for people similar to you can help you plan for the future. See where you stand and, if you want to make this year a prosperous one for your super, here’s a five-point plan.

AustralianSuper: Australia has one of the world’s best super systems. It was founded on three ideas: everyone has the right to receive super, they should contribute to their super regularly, and their super should be saved until retirement.