Tax Concessions of Investing in Super

I'm 32 years old and earn a pretty decent income. Should I consider building up my super and take advantage of the tax concessions of investing in super?

Generally speaking, investing in superannuation is an excellent option. However, bear in mind that once you put it into super it must stay there until you can access the money. So if you wish to retire early, it may not be the most appropriate option. Also, this option may not be the best if you have other financial goals or priorities such as paying off your debt (including credit cards or the mortgage), starting a family or establishing an education plan for your children.

Ultimately your financial planning strategies will depend on your goals, timeframes and attitudes to risk. The legislative environment and market conditions also affect what your strategy should be, now and ongoing.

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