Podcast Ep. 103 Justine McLean - Get started with superannuation

If I had a dollar for every business owner not paying themself superannuation, I’d be a rich woman indeed. There are lots of reasons why business owners choose not to pay themselves super and believe me I’ve heard them all.

But here’s the thing, if you’re under 60 and a business owner in 2023 and you’re not paying yourself super, then come retirement, you need to hope that you can sell your business for a pretty penny, you win lotto or come into money, or the government suddenly decides to pay a decent amount for the pension. And honestly, chances of it being the latter are slim.

Bottom line, if you want to retire on a modest income and be ok, then you need to be paying super. In this episode, I’m diving into superannuation in Australia and sharing the basics. 

Now, I’m no super expert and I don’t know your personal financial circumstances, so it goes without saying that before acting on anything you learn in today’s episode, you contact your accountant or financial planner for more advice.