Stockspot has released a report that shows younger Australians’ decision-making with regard to their superannuation fund could be the single most important source of savings they will have over their working life.

According to the online investment adviser, younger Australians should be invested in growth funds comprised of around 70 to 80 per cent in equities. 

The more shares members have in their portfolio, the better chance they have of achieving higher returns. 

A long working life will provide surety and should cover any losses, it explained, offering up three tips for those in their 20s and 30s:

1. Aim for growth – With around 40 years in the workforce to go, investors should be looking to take on more risk for potentially higher returns. Due to the prolonged time their money will spend in the market, younger investors can afford to take on risk and earn more money down the track.

2. Pay less than 1 per cent fees – Choosing a low fee fund could potentially add $225,000 to an investor’s nest egg, according to Stockspot.

This is based on the assumption that a 35-year-old member makes the median $78,192 and has $56,732 already in their superannuation.

According to the investment adviser, investors who have fees about 2 per cent will lose 27 per cent of their total returns in fees, compared with just 8 per cent for anyone that pays under 1 per cent.

3. Consolidate funds – Stockspot reminded individuals that having more than one account means they are paying double the fees. 

By consolidating super, members will pay less, with every dollar not spent on fees another dollar that can be providing them with higher returns. 

Click here to find what you should do in stage 2 and stage 3 of your working life.

About the author

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

more on this topic

Superannuation

Payday super reform hailed as transformative win for Australian workers

In a significant shift for Australia's retirement savings landscape, the introduction of the Payday Super regime on Wednesday, 1 July, marks a transformative change in how superannuation payments are ...Read more

Superannuation

Many Australians to miss out on EOFY super boost due to affordability and knowledge gaps

As the end of the financial year looms, a significant number of working Australians are poised to miss out on the chance to enhance their superannuation savings. A recent survey commissioned by global ...Read more

Superannuation

Aware Super restructures leadership as Ian Pendleton steps down

In a significant leadership reshuffle, Aware Super is bidding farewell to its long-serving Group Executive Legal and Company Secretary, Ian Pendleton, as he steps down from his executive role after 14 ...Read more

Superannuation

Half of Australians unaware of impending superannuation law change set to impact millions

In a surprising revelation, a recent study has highlighted a significant knowledge gap among Australian workers regarding a major superannuation reform set to affect over 1.2 million people from 1 ...Read more

Superannuation

Rest strengthens investment strategy with seasoned executive appointment

In a strategic move to bolster its investment strategy, Rest, one of Australia's largest profit-to-member superannuation funds, has appointed Andy Moser as the Head of CIO Office. This newly created ...Read more

Superannuation

NGS Super strengthens leadership with appointment of new Chief Member Officer

In a strategic move to bolster its member growth and experience transformation, NGS Super has appointed Adam Parsons as the new Chief Member Officer (CMO). Effective from 1 June 2026, Parsons will ...Read more

Superannuation

Aware Super triumphs at Chant West Super Fund Awards with top honours

In a significant achievement for Aware Super, the fund has clinched top honours at the Chant West Super Fund Awards, securing both the Super Fund of the Year and Pension Fund of the Year titlesRead more

Superannuation

NGS Super rolls out enhanced member advice services with a focus on accessibility

In a significant move to make financial advice more accessible, NGS Super has unveiled an enhanced suite of member advice services, featuring a new digital advice platform. This initiative aims to ...Read more