The smartest money move you can make in your teens

Starting superannuation early can help young people build strong financial habits and take advantage of opportunities available to them. For those working part-time and earning below certain income thresholds, making voluntary contributions may allow them to receive additional government support through eligible schemes. Once they begin earning a higher income, concessional (pre-tax) contributions can also provide potential tax advantages compared to contributing after tax. For young Australians, superannuation isn’t just about retirement. It can also play a role in long-term financial goals, including strategies that may help with saving for a first home. Understanding how super works from an early age can help build better financial decisions for the future. General advice only. Consortium Private Wealth AFSL 495401

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.