Superannuation is the super effective way to save for your retirement:
- The superannuation environment is tax-effective, with concessions that provide greater potential to grow your retirement nest egg (by providing your Tax File Number you can avoid additional tax implications)
- The compounding nature of regular contributions helps your money grow more quickly
- You may have investment choice within your super portfolio - giving you freedom to control your money and your financial independence
- Your money is locked away until your 'preservation age', therefore encouraging saving for your retirement.
> Reaching your financial goals
> Start investing in your super
> Investment selection
> Salary sacrifice
> Non-concessional contributions
> Spouse contributions
> Consolidation
All benefits withdrawn from superannuation (taxed schemes) after age 60 are tax-free, including payments from pension products funded from super savings. This has the potential to greatly boost the tax-effectiveness of your superannuation You should seek advice specific to your own circumstances before making a decision which relies on this information.
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