← Back to front page
Oceania · Financial press · Australian Financial Review

The best way to boost your super depends on your money habits, not tax

Published by Australian Financial Review · Australia 8 h ago
Whether to salary sacrifice your superannuation or contribute to it at tax time comes down to discipline. Bethany Rae
Whether to salary sacrifice your superannuation or contribute to it at tax time comes down to discipline. Bethany Rae · Australian Financial Review

Detailed summary

Salary sacrificing and personal deductions deliver the same tax savings. The right choice comes down to whether you trust yourself not to spend the cash.

Do you trust your future self to stay disciplined with money? If you do, there’s a smart, tax-effective way to build up your superannuation balance. If you do not, there is an equally effective route that delivers the same financial reward.

Both strategies are so powerful that a 30-year-old earning $150,000 who maximises them could retire with an extra $700,000.

Opening of the article, excerpted from Australian Financial Review. To read the rest, open the article on the publisher's site.

Read the full article on Australian Financial Review Sign in to save

MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (www.afr.com)