Prime Time with Bec Wilson A financial advice columnist shares answers to his top 5 FAQs
Nov 5, 2025
Craig Sankey, a technical leader and financial adviser at Industry Fund Services, shares his expertise after five years of answering reader finance questions. He discusses how to set personalized retirement targets and the importance of practical steps like salary sacrifice. They explore the magic of compounding interest and why it's vital to avoid market timing during downturns. Craig also compares the benefits of paying down a mortgage versus investing in superannuation, providing insights into common retirement choices and urging listeners to take charge of their financial future.
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Calculate Your Own Super Target
- Decide your retirement age and lifestyle to calculate how much super you need.
- Use super fund or MoneySmart calculators to get a personalised target.
Use Tax Incentives To Boost Super
- Start small and salary sacrifice regularly to boost super and save tax.
- Claim available government incentives like the co-contribution and spouse offset.
Compounding Grows Wealth Over Time
- Compounding turns earlier contributions into much larger balances over decades.
- Compounding continues to work in retirement while your balance remains invested.
