Do you want to know about the superannuation guarantee in Australia? How much do you need to squirrel away to be happy?

Whatever your lifestyle, whatever your income, if you are employed the superannuation (super) guarantee is of benefit to you.

The government has proposed to increase the super guarantee rate from 9% to 12% of your income between July 2013 and July 2019.  The first change is due on 1 July 2013 when the 9% rate will increase to 9.25%.

The big issue is that people just don't have enough saved to cover them when they begin their retirement. 

The AFSA Retirement Standard reports that for a couple to live a ‘comfortable’ life in retirement you will need an income after tax of just over $56,000 a year. 

Make sure you check out Sally Tyrie's Q&A on the government changes to Super and get on top of how much you need to save for your retirement.

Money Smart not Money Short