Retirement may seem like a long way off, but putting money into super now is still a tax-effective way to invest your money. That’s because some types of contributions you make – and the investment earnings on those contributions – are taxed at concessional rates.
Not only is super a tax-effective way of saving and investing, but you can benefit from the effects of compounding returns.
Common questions to consider:
● When should I start contributing?
● Should I salary sacrifice?
● Are there benefits if I contribute for my spouse?
● Are there benefits in consolidating my super funds?
● How can I check whether I have any lost super?
● When should I think about topping up my superannuation?
● Can I take advantage of the government’s co-contributions?
● How much extra can I contribute to my superannuation each year?
● When can I access my superannuation?
