The clock is ticking. There are not all that many years left in the workforce. You wished you had done something about your super earlier. But there are ways to catch up. Salary sacrificing to super is still the best way to help make up for lost time.
Superannuation contributions are taxed at 15 per cent for most people. Most are paying a marginal rate of income tax of 34 per cent, which includes the 1.5 per cent Medicare levy. For each dollar sacrificed from pre-tax pay to super, 34¢ that would have been paid in income tax is swapped for the 15 per cent superannuation contributions tax.
