What Is Superannuation, How Does it Work & Why is it Beneficial?
It is super common (don’t mind the pun) to see millennials not caring much about their super! Why’s that you might ask? Well I put it down to them thinking, “this isn’t our money”, or “we can’t use this for ages, so this is tomorrow’s problem”. Yes you probably can’t access it for 30-40 years but when that time comes you will be kicking yourself that you didn’t consolidate your super funds, review your investments, made additional contributions or in fact just started treating it like it is your money- because it is!
How to buy my first home using super
How does it work? From 1 July 2017, you can now make your own concessional and non-concessional contributions into your current super account to save for your first home. There is no need to open a special super account. From 1 July 2018, you can then apply to the ATO to release these contributions, along with […]
