Tom is 37 years old and has been using a superannuation calculator contained on the internet to monitor and assess the amount of superannuation he is likely to be entitled to when he reaches 65 years. At present, the calculator informs him that he will fall well short of his projected benchmark. He realized that he must adopt strategies now, which involves increasing his current superannuation contribution.

He seeks your views and considered opinion as to the options presently available to him to implement the strategies of increasing his superannuation savings. What is your advice regarding Toms situation? In your advice consider both the benefits and risks associated with the strategyies.