The Chronicle

The magic of compoundin­g

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● Use online calculator­s to work out how your tax refund can help grow your super or investment­s over time.

● Repeat the process year after year, from as young as possible, to multiply gains.

● Consider incentives such as tax deductions for personal contributi­ons, or the government co-contributi­on of up to $500 for lower income earners that effectivel­y delivers an instant 50 per cent return on investment.

● Don’t be afraid to invest during market weakness – you’ll get more assets for each dollar.

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