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The ideal way to save for your retirement. This is due to the attractive tax benefits of contributing to super. It has the lowest tax rate on earnings at just 15% and contributions made often attract a tax deduction or rebate.
Some strategies for superannuation include:
Salary Sacrifice:
This involves getting your employer to contribute some of your pre-tax salarydirectly into your super fund. Depending on your circumstances making salary sacrifice contributions could reduce the amount of tax you pay by up to 31.5% and enable you to make a larger investment for your retirement.