Contributing extra early makes more sense than ever before.
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You could get a 150% return on your money through the Government's Co-contribution scheme.
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Salary Sacrificing into super may lower your marginal tax rate, potentially making super more attractive than extra mortgage payments.
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You super will grow faster with compound interest.
Your super will be tax-free at 60.
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Australians have typically tried to pay off mortgages first, putting more into super in their 50's as retirement looms.
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With the changes, the limit for before-tax super contributions becomes $50,000 a year, which is higher than the current limits for people under 50.
Not convinced? You should be - it's a no-brainer! If you're still unsure, give us a call on (03) 9911 3222 (regional 1300 300 820) and we'll explain all the benefits of contributing more, earlier.
