And here’s what the super rules can do for you

It’s important to appreciate the possibilities of what you can do with the super rules. How do they apply to your situation and how will they help give you a better life in retirement? One possible response to this question could be this: saving and investing in superannuation can be the most effective way for me to accumulate wealth for retirement for the following reasons:

• Compulsory, regular contributions paid by my employer mean that someone is doing the saving for me.

• Compound earnings (see chapter 3) mean that I’m earning investment returns on my super account’s reinvested returns, which grows my savings faster.

• Tax concessions on super fund earnings also help my super account to grow even faster, because more savings are retained in my super account.