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Michael Hutton

More ways to boost your wealth with super contributions

Recent relaxing of the rules gives you scope to put money into your retirement fund at a time that suits your circumstances and stage in life.

Since it became compulsory 30 years ago, superannuation has been the most tax-effective investment vehicle for saving for retirement. It is also well-regulated and offers a wide range of providers and investment options – meaning there is something to suit everyone.

For most people, contributing extra money to super to provide additional income in retirement is the best thing to do.

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Michael Hutton is wealth management partner at HLB Mann Judd Sydney.

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    Original URL: https://www.afr.com/wealth/personal-finance/more-ways-to-boost-your-wealth-with-super-contributions-20220715-p5b1ya