What is the ASFA retirement standard?
The Association of Superannuation Funds of Australia (ASFA) publishes quarterly retirement standards. In 2026, the comfortable standard requires $595,000 for singles and $690,000 for couples, providing ~$51,000/year (single) or ~$72,000/year (couple) in retirement spending. The modest standard ($350,000 single) covers basics plus limited recreation.
How super works in 2026
Under the Superannuation Guarantee, your employer contributes 12% of your Ordinary Time Earnings (OTE) into your super fund. The concessional contribution cap is $30,000/year (including employer SG, salary sacrifice, and personal deductible contributions). Non-concessional contributions are capped at $120,000/year.
3 ways to boost your super balance
- Salary sacrifice — Pre-tax contributions above your employer's SG. Up to $30,000/year total. Taxed at 15% inside super vs your marginal rate (30%+ for most under Stage 3 brackets).
- Government co-contribution — Earn under $58,445? Contribute after-tax and the government matches 50c per $1, up to $500/year.
- Consolidate lost super — The ATO holds $16B+ in lost and unclaimed super. Search via myGov and roll it into your main fund.
