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22 May 2018

Increased my retirement savings

Our superannuation accounts are our retirement accounts and that is where we are now putting all our savings.We can both contribute a maximum of $25,000 a year taxed at 15%. This includes our employer contribution of 9.5% of our wages.

I redid my calculations over the weekend and I have upped my contribution by another $100 a week. That will take me right up to the limit that I can salary sacrifice. So a bit less in the paypacket each week but worth it for the savings and the tax benefit.


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