By putting in a little extra now, you could go some way toward making a difference in the future.
Here are a few ways you might be able to add to your super savings.
You can ‘sacrifice’ some of your before-tax salary and/or bonuses and get your employer to pay it into your super for you. Not only does this help increase your super savings but it might also:
- Assist with tax management as you are generally subject to only 15% tax on these contributions, instead of your marginal tax rate (plus Medicare levy and other applicable levies)
- Move you into a lower tax bracket