For many people, the gap between what they have now and what they will need to retire can seem insurmountable, especially in the face of stagnant wage growth and ever-increasing house prices. Although it can be tempting to take a wait-and-see approach and delay making any big retirement plans, it’s always a good time to review your super strategy. Consider these five tips for growing your super balance effectively.

A self-managed super fund (SMSF) is a way to prepare for retirement that gives you more control and freedom of choice over your investments than other types, such as retail or industry super funds.

Here’s a rundown of what you need to consider before setting up your own SMSF, and the key steps involved.

Imagine always having spare income to add to your investment so that your money is constantly working harder for you? According to Simple Savings’ Jackie Gower, it’s not a pipe dream with these common sense tips for cutting expenses.

Curtailing your spending is no easy feat, especially if you have a family. But there are some simple ways to cut back that may mean a bigger investment portfolio.

Depending upon your individual circumstances, you may not need the default level of insurance you are given automatically within your super fund, or you may need more.