Your superannuation could play an important role in your retirement plans one day.
While that might seem a while off, the earlier you contribute to your superannuation the better, as the longer your money is invested in the market, the more likely it may be able to manage market movements and take advantage of the compounding of interest over time, helping your balance grow until you retire.
In our guide to super contributions, you will find more information about contributing to superannuation, including information for those saving on a first home, on lower incomes, downsizing or who are self-employed.
Information current as at 15 May 2018. This information does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to your personal objectives, financial situation and needs having regard to these factors before acting on it. This information provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. Any superannuation law considerations or comments outlined above are general statements only, based on an interpretation of the current superannuation laws, and do not constitute legal advice. BT Financial Group cannot give tax advice. Any tax considerations outlined in this article are general statements, based on an interpretation of the current tax law, and do not constitute tax advice. The tax implications of the shares and franking credits can impact individual situations differently and you should seek specific tax advice from a registered tax agent or registered tax (financial) adviser.This publication has been prepared by BT Financial Group, a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL & Australian Credit Licence 233714.