Superannuation continues to present excellent opportunities, well beyond tax effective savings. How you invest your superannuation and take advantage of the opportunities available to you will have an enormous impact on whether you achieve the retirement you desire.
Superannuation can enable you to buy a house or blue chip shares, but many people are unaware of the tax effectiveness of superannuation.
When you invest personally, you can pay up to 45% on your earnings. Alternatively, you can save for retirement by salary sacrificing. This allows you to divert your income to a superannuation fund, which is subject to a lower tax rate of just 15%, potentially doubling your retirement income.
This is just one option available to you.
Please feel welcome to contact Byron Factor to discuss your superannuation and retirement needs without obligation on 07 3369 8544.
Or find out more about:
Self Managed Superannuation Funds (SMSFs)
The 3rd Pillar of Wealth Creation: Superannuation.