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Eight ways to squeeze more into super – which ones are you using?

A couple employing just four of these methods could boost their retirement savings by almost $5 million

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A couple over 55 selling a small business and making the most of their super contribution opportunities could boost their savings by a whopping $5 million before the end of the tax year, according to analysis by consultancy BDO.

The couple can turbocharge their super by $3.41 million using the small business capital gains tax (CGT) exemptions for an enterprise owned for at least 15 continuous years, the analysis shows.

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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

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    Original URL: https://www.afr.com/wealth/personal-finance/eight-ways-to-squeeze-more-into-super-which-ones-are-you-using-20240607-p5jk4e