Your super is an important source of income when you retire and for most people it will supplement the Age Pension.
That’s why it’s important to add to it whenever you can so you can enjoy life once you stop working. Because the reality is that for most people, the 9% that their employer pays as super won’t meet their living costs in retirement.
There are two main ways to make extra contributions to your super:
- Extra contributions made by you from your after-tax salary
- Salary sacrifice contributions made by you from your before-tax salary by agreement with your employer.
You should consider what mix of before-tax salary sacrifice and after tax contributions is best for you.
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