I put 20000 dollar as concessions contribution and taxed 3000 is it worth it to save some tax #tax

Replying to @ksam99228 superannuation worth it, the short answer. Of course it is. It’s been designed to be an attractive tax rate to save money and then even more attractive in retirement to receive a tax free retirement income. Of course the downside to Superannuation is the money goes away until preservation age which for everyone in Australia is age 60. In this video I illustrate how much people can save based on their marginal tax rate? Please keep in mind. There are contribution limits that we need to be mindful. General advice only. #superannuation #financialadvice #investing #taxsavings #retirementplanning