What Are Non-Concessional Contributions & Are They Worth It?

Learn why non-concessional contributions are worth it and essential for any retirement plan and how they can provide you with more income in retirement.

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⏱ Timestamps
00:00 - What are non-concessional contributions?
00:47 - Concessional vs non-concessional contributions
02:17 - Benefits of non-concessional contributions
03:44 - Other benefits of non-concessional contributions

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– What Are Non-Concessional Contributions & Are They Worth It? --

Knowing which type of contribution to make to super (and how much) can be daunting.

A non-concessional contribution is a contribution made to superannuation with after-tax dollars, usually from your personal bank account.

By making a non-concessional contribution, you are placing more of your wealth in the tax-effective superannuation environment, where investment earnings are taxed at a concessional rate and received completely tax-free once you retire.

There are a number of reasons why non-concessional contributions are worth it.

This video compares concessional and non-concessional contributions, explains the main benefits of non-concessional contributions, as well as some other benefits that many people don’t always consider.

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Видео What Are Non-Concessional Contributions & Are They Worth It? канала SuperGuy