If you’re a Gen Z worker, it might be tricky to get enthused by your superannuation balance at first glance.

It makes sense – employees in this age group have only had a handful of years in the workforce and there hasn’t been much time to build up savings.

If you’re just starting out in the workplace, it might be tricky to get enthused by your super. Credit: Aresna Villanueva

Data from the Australian Taxation Office shows that, as of June 2022, the median super balance for men aged 18-24 was $4617, while for women it was $4275.

But the experts say while you might be starting small, it’s important to focus on how time is on your side. Savers in this age group have around 40 years to build their nest eggs – and, at the same time, many of the actions you can take to check your funds are on the right track take just minutes.

The first thing all super savers in this age group should check is whether their superannuation is actually being paid, says chief executive of the Association of Superannuation Funds of Australia (ASFA) Mary Delahunty.

Look at your payslip to see your super payments, and where they are being sent, then log in to your superannuation account to ensure the payments are landing.

“You should be able to determine if you’re missing any payments depending on what you have earned,” Delahunty says.

It’s worth checking that your funds are flowing in regularly when........

© The Age