Many investors in Australia want to increase their retirement savings. They can choose between gearing to buy shares, taking on debt, or they can put more of their money into superannuation. The previous Australian Government changed the laws on super, so that super fund members aged 60 and over can take their super free of tax. This has greatly increased the attractiveness of super to fund retirement income. As interest rates are on the rise in Australia, it makes less sense to borrow money. In this sense, super is better over the longer haul, because interest rates are not relevant and the super balance accumulates quickly.
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