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Consider the following example:

Based on the above values and using the superannuation calculator at FIDO calculator, at age 65 you'll have accumulated $558,000 in super. This is enough to provide $50,000 per annum indexed at 3% per year until age 81.

However, if you can salary sacrifice $250 per month, at age 65 you'll have accumulated $727,000 in super (or an extra $169,000). This is enough to provide $50,000 per annum indexed at 3% per year until age 91 (or an extra 10 years). To enjoy a better lifestyle, this is enough to provide $66,000 per annum (or an extra $16,000 per annum) indexed at 3% per year until age 81.

Making salary sacrifice contributions to super is a great way to create wealth.

Important Information

The information provided is general in nature and does not constitute financial advice. While we have taken reasonable care in providing this information, it should not be construed as being specific to your investment objectives, financial situation or particular needs. It's important for you to consider these matters before making any financial decision and we recommend you seek financial advice.