Getting super paid every payday can make a real difference
Description
More frequent super payments = more time for your money to grow.
With payday super, your employer’s super guarantee contributions will now be paid in line with your regular pay cycle.
So if you’re paid weekly, your super should generally go in weekly too. If you’re paid fortnightly, your super should generally go in fortnightly.
Why does this matter?
Because instead of waiting for quarterly or less frequent payments, your money gets into your super sooner, giving it more time to be invested, compound, and work harder for your future.
Small timing changes can make a big difference over the long term.
General advice only.
Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).
The information provided in this article is general in nature only and does not constitute personal financial advice.