Superannuation
Superannuation is one of the most common and tax effective ways of building wealth for your retirement.
Many Australians are now free to choose their own superannuation funds instead of automatically becoming members of their employer fund.
Retirement may seem like a long way off, but putting money into super now is still a tax effective way to invest your money for the future with limited impact on your current lifestyle. 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.
