Superannuation is a way to save; using money built up mostly from Employer contributions and invested with the intention of growing to be a large enough balance for you to live off in retirement.
Because of the various tax concessions associated with Superannuation, there are a range of strategies that can be used to improve your situation. These include:
- Government Co-Contribution of up to $500 each year
- Salary Sacrifice
- Spouse contribution
- Transition to Retirement (TTR) Strategy & Pension Phase to utilise the Tax System
General Advice Warning: Please be aware that any advice that may have been given or implied is general advice only. We have not taken into consideration your individual needs, objectives or financial requirements. Before deciding to purchase a financial product, you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.