It’s possible that you haven’t given your pension much consideration at this point, because retirement seems so far way. However, over the last few years changes have occurred to public sector pension entitlements which will affect how much you will receive at retirement.
Can you see yourself working full time for another 45 years? Your current retirement age has now moved to 68, which means that if you plan on retiring before that, you’ll have to consider:
An AVC might be the answer.
Warning: The value of your investment may go down as well as up.
Warning: This product may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.
Warning: If you invest in this product you will not have any access to your money until you receive your Superannuation Benefits.