How to play catch-up with your super

Planning for Pronews-com-ausperity’s Daniel Budreika was quoted in this article on How to play catch-up with your Super

Daniel pointed out that ‘every bit counts’:

  • Consolidate multiple super funds to avoid paying high fees
  • Use Salary sacrifice to make extra contributions because it comes with tax benefits
  • Lower income earners can qualify for the government’s super co-contribution of up to $500 a year by making after-tax contributions.

Daniel summed it up by saying:

It all boils down to adding more money to super than your employer puts in.  There is no free lunch — you have to give something up.

Super | Every bit counts

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