The superannuation system is designed to help you provide for your retirement without relying too heavily on the Age Pension. It is a system that is both tax-effective and cost-efficient.

On the most basic level, super is the building of a retirement nest-egg though compulsory employer contributions, your own voluntary contributions (if possible), and growth through super fund investment returns.

There are many strategies that can potentially boost your super savings. These include:

• choosing higher risk/aggressive investment options (providing opportunity for higher returns);
• making additional contributions into your super account;
• combining multiple super accounts (to avoid paying multiple fees); and
• opening an account for your low-income earning/non-working spouse.