One of the most important ways to boost your super balance is through, of course, contributions. Just like a bank account, your super balance will grow through you making contributions. These contributions are then invested into the investment options that you choose, and grow further through investment returns, or interest (although it’s important to remember that investment returns can be positive or negative). Where it starts to get confusing for a lot of us is understanding the difference types of contributions you can make and how much you can contribute. This episode will take you through the basics.

You can learn more about how to contribute to super here, and about contributing extra through carry forward or bring forward contributions here.

 

You can also find the podcast on Spotify and Apple Podcasts.

To learn more about whether contributing extra to your super is right for you, book a one-on-one appointment with a Super Adviser at a time and location that suits you.