Get a super top-up from the Government.
If you make a personal after-tax contribution to your super, the Government may add up to $500 to your account. This is known as a 'co-contribution'.
Ryan, aged 40, is employed and earns $40,000 p.a. He wants to build his retirement savings and can afford to invest $1,000 a year.
He decides to make a personal after-tax super contribution. By using this strategy, he’ll qualify for a co-contribution of $500. That’s a return of 50% on the amount he invested.
1. Includes assessable income, reportable fringe benefits and reportable employer super contributions.
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