Superannuation is one of the most efficient and tax effective investment strategies available to accumulate money to fund your retirement.
Your retirement savings grow because money is paid regularly, which your fund invests at low rates of tax.
Tax concessions and other government benefits currently make super one of the best ways to invest for the long term. Super can provide you with the independence and flexibility to enjoy the retirement you are working towards.
Super is generally a tax effective method for:
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Accumulating money for retirement;
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Providing an income stream in retirement through investment in an account-based pension;
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Life insurance cover;
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Total and permanent disability insurance;
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Providing salary continuance (in some cases);
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Other benefits, including Centrelink Age Pension benefits.