IT'S unlikely the age pension will meet your needs, so it is imperative you take superannuation seriously.
It's a subject dear to financial commentator Noel Whittaker's heart and is the focus of his latest book, Superannuation Made Simple.
"According to United Nations figures, the ratio of working taxpayers to non-working pensioners is 3:1 now but is expected to tumble to just 1.5:1 by 2030," he writes.
"This begs the question: 'who is going to pay for your retirement?'
"There is little doubt that our welfare system, and our health system, will be unable to continue to provide the current generous benefits.
"Those who don't make some provision themselves for their retirement may have a very spartan existence indeed.
"This is why superannuation is so important."
Written in Whittaker's easy-to-read style, the book begins with the fundamentals (what it is, why we don't like it and the "carrot and stick" approach).
It looks at contributions - the way it was, the changes, who can contribute, different types of contributions and splitting super with your spouse.
Other chapters are devoted to taxes, changing jobs, accessing super, what happens when you retire, and what happens when there is a relationship breakdown.
There are also strategies, what to expect from the government, and frequently asked questions.
If you're not super savvy, this is the ideal vehicle to walk you through the ins and outs - and you may just find super isn't as confusing as you might think.
- Superannuation Made Simple, by Noel Whittaker, published by NWB, RRP $24.95, www.noelwhittaker.com.au