Only 20 per cent of Australians say they would invest a $100,000 windfall in their superannuation, according to research by BT Financial Group.
Asked what they would do with a $100,000 windfall inheritance or Lotto win, most Australians pointed to term deposits, high-interest accounts, property or a holiday.
BT general manager for superannuation Melinda Howes said it is "understandable" to see travel and holidays on the list, but many Australians are likely to be disappointed when it comes time to retire.
"Actively contributing to super is one of the best ways Australians can take control of their financial futures and make sure their retirement is the one they deserve," Ms Howes said.
"Many people currently nearing retirement are under-funded – they don’t have enough super to last their lifetime. Investing an inheritance in super in your 50s or 60s could be what makes the difference between a frugal and a comfortable standard of living in retirement."
Forty per cent of respondents said they would put a windfall in a high-interest savings account or a term deposit, and 34 per cent would invest the money in property or spend it on a holiday.
"Australians are certainly comfortable investing in cash and short-term savings accounts and term deposits, but the truth is, they are unlikely to reach their superannuation goals with these investments alone," Ms Howes said.
"Most Australians receive superannuation contributions via their employer but even a small personal contribution now can have a significant impact on their retirement nest egg."
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