Investing in super can save you tax
Super is one of the most tax-effective ways of saving for retirement. Income from your direct investments, such as term deposits, shares or property, is generally counted as assessable income and taxed at your marginal tax rate.
Your marginal tax rate may be up to 45% plus the 2% Medicare levy. However, by investing in a Super Income Stream account, you can benefit from considerable tax advantages.
More money for you
Once you reach 60, you pay no tax on income payments from your Super Income Stream account. Plus, there’s no tax on your investment earnings if you’re in the Fully Retired option. If you’re in the Transition to Retirement option, earnings are taxed at up to 15%.
These tax savings could help you to enjoy extra cash to spend on holidays, grandkids and a quality lifestyle. We recommend talking to our Advice team before making any decisions.
Read our Financial Services Guide (PDF) for more information.