When superannuation is not the only way to save tax #superannuation
Description
Superannuation providers access to the best tax rate that we have available in Australia once we’re retired and in pension mode from next financial year this amount can be up to $2.1 million per person tax-free. But as individuals we all have the opportunity to earn up to over $18,000 completely tax free as well so we do not need to lock all their money up into Superannuation particularly if there is preservation/access issues. So while understanding the rules and how we can contribute to Superannuation is great but we can become tunnel vision in our thinking which focuses on how to get money into superannuation and doesn’t ask answer the question on whether we should be putting money into Superannuation and is there a simpler way to do it. General advice only. #financialadvice #investing #taxsavings #superannuation #retirement
The information provided in this article is general in nature only and does not constitute personal financial advice.