Ready to retire? We bust some common super myths

July 5, 2026 — 5:00am

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For pretty much our entire working life, we’re at least partially aware of our super. We know it comes off our paycheck and gets tucked away, slowly appreciating over time and transforming from a mere caterpillar into a big beautiful butterfly.

We do this with the anticipation of living high on the hog once we retire, or at least living somewhat comfortably on the hog. But when it comes to how our super works in retirement, many Australians’ understanding falls woefully short.

For example, did you know once you retire, your super continues to grow and earn just like it did when you were working? If you did, that’s great, but countless soon-to-be retirees don’t, believing that whatever sum it is once you hang up your boots, that’s all you’ll have to live off.

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This misconception, along with a raft of others, has been a key focus of the government and super funds over recent years, with efforts made to improve education for pre-retirees, including a set of reforms.

A report from the Super Member’s Council from earlier this year found a typical retiree could be missing out on $6500 a year due........

© Brisbane Times