1% can make a big difference
At the moment, your employer must contribute at least 9% of your salary to your super each year.
But, adding just 1% extra can make a really big difference to your super balance.
The earlier you start contributing, the more money you will have to enjoy in retirement and the more you will benefit from the power of compounding.
Click on a TWUSUPER member below to find out how 1% extra can make a big difference to your super savings, no matter how old you are.
Compound interest is money earned not only on your original investment, but on the accrued investment earnings as well.
In simple terms, it's interest earned on interest! The more time you have, the greater the benefit provided by compound interest.