Yahoo! Australia & NZ Finance - Special Edition
Money Makeovers
with Peter Switzer
Your questions answered by an industry expert
Your questions answered by an industry expert
Super Contributions Via After-tax Contributions
We're considering contributing to our super via our own after-tax contributions. What are the advantages of this option?
Contributing from your after-tax income is a great way to increase your savings for retirement. Your superannuation fund is taxed concessionally; you can generally save more by investing through super than by investing in the same assets outside super.Your contributions from net income are not taxed when your fund receives this money, and this type of contribution is also free of tax when you take them out of your fund. Your employer may encourage extra contributions by putting in extra money if you do. You may also receive a government co-contribution based on your income and how much you contribute.
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Disclaimer: This is generic financial advice only. Any investment decision should be made after careful review of your individual financial situation, risk tolerance, investment objectives and time horizon. These Questions have been answered by Peter Switzer and Mark Leahy. Mark is the Managing Director of Switzer Financial Services. If your question is answered, it will be published in the Peter Switzers' Money Makeovers on Yahoo! Finance, and you will be notified by email.
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