Broadcast December 2023
Tools to help your employees plan for retirement
With over 600,000 Australians intending to retire in the next few years*, it’ll come as no surprise that retirement planning is top of mind for many.
At Media Super we understand that planning for retirement isn’t a one-size fits all approach. That’s why we offer a range of services to help Media Super members, no matter how far along they are in their planning.
Here’s a snapshot of the tools available to help your employees plan for their retirement.
- Calculators to model different scenarios – whether it’s understanding how adding extra to super can benefit retirement, or help to budget and plan retirement spending, we have a calculator to help. Members can even use a calculator to determine if their super balance, plus any Government Age Pension is going to be enough income in retirement. You'll find our calculators at mediasuper.com.au/calculators.
- Face-to-face or online retirement seminars – our retirement seminars cover topics like retirement planning, the Age Pension, and transition to retirement. The sessions are relaxed and informal so anyone can join and the best part, there’s no additional cost – it’s part of being a Media Super member. View upcoming sessions at mediasuper.com.au/seminars.
- Financial advice to help members plan – Our Advice Services team can provide advice over the phone on several super topics, including the best ways to maximise super for retirement. If a member wants more comprehensive, personal advice, our team can refer them to an accredited financial planner. Members can call our Advice Services team.
Members can also find a wealth of retirement planning information on our website. With topics like how much super is needed for retirement to how volatile markets and cost-of-living pressures can impact retirement, members will find mediasuper.com.au/retirement-planning a good place to start.
* Retirement and Retirement Intentions, Australia (2020-21 financial year), Australian Bureau of Statistics, released 29/08/2023