

Financial advisers are encouraging Australians to review their superannuation contributions as the new financial year begins.

One strategy could help eligible workers reduce their tax bill by thousands of dollars through extra super contributions.
A financial example showed a high-income earner could potentially save around $3,480 in tax by using salary sacrifice options.
The strategy involves contributing more pre-tax income into super, where it may be taxed at a lower rate than regular income.
Not only that, Experts say taking action early in the financial year can help Australians manage their money more effectively.
However, advisers warn that superannuation rules can be complex and people should consider their own financial situation before making changes.
Australians are being encouraged to seek professional advice to understand how super strategies may affect their future savings.

