Why is super so important?
You might think of super as just 9.5% of your salary that you can't access. But it's important to remember - it's your money, it's just being held for you until you retire.
The main idea behind superannuation is to help you build a nest egg which you then use to create an income in retirement (or semi-retirement).
Including it as part of your financial plans can be important for a number of reasons:
How tax-effective is super?
For most people, saving through super can be much more tax effective than saving the same amount outside super. Firstly, any contributions your employer makes (up to a certain limit) and any returns on your super are taxed at a maximum of 15%, rather than your marginal tax rate which could be as high as 47%.
Our Superannuation Advice
Our superannuation advice covers: