Starting a new job brings an opportunity to reconsider many things in your life, including your financial habits. Choosing how much to save for your future self each month is easiest if you know what matters to you, what your goals are and you have a plan to get you there.

How much of your salary would you like to contribute every month? Choose the percentage from the options offered by your fund. The more you contribute towards your savings, the more income your future self will receive!

Watch this short video clip to help you decide how much to save for retirement every month.

How to decide how much to save:

1. Work out how much you can afford to save. This is referred to as budgeting. Make a list of what you spend and compare that to how much you earn. Look for places to stop or decrease expenses if you need to.

   If you’d like to use our budget tool to help you with this step you can register or login here to use it.

2. Or you can build your retirement picture to see how much pension you are on track for and compare that to the expenses you’ll have.

   If you’d like help to work out how much you need to save to reach your goals, you can speak to a financial adviser.

   Speak to your HR department to get a copy of your fund's member booklet so that you can see what contribution rates are available.