The Line Between Smart Saving and Penalty Territory - Entrepreneurship Life

The Line Between Smart Saving and Penalty Territory - Entrepreneurship Life

If you’re serious about growing your superannuation balance, it’s natural to want to put in as much as you can. After all, super is one of the most tax-effective ways to save for retirement. But there’s a catch — go over certain limits, and your smart saving strategy can start costing you in penalties, rather than building your future. That’s why it’s so important to understand how concessional contributions cap work before making additional dep…