Superannuation vs investing: How to save $1158 a month in tax
The government wants you to be wealthy.
This isn’t necessarily out of care or benevolence, but instead because when people are wealthy, they rely on welfare less (or not at all) and they pay more taxes.
To increase the incentives and likelihood of people being wealthy, the government gives tax breaks for certain types of investing.
Superannuation is one of the areas that offers the most beneficial tax concessions, because the government knows when you save well through superannuation, it goes a long way to your chances of getting wealthy.
A common myth that surrounds superannuation in Australia is that super is its own type of investment, but it’s not. Superannuation is nothing more than an investing account with concessional tax…
