The magic of compounding
● 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.