Tipping money into super this year? Here’s what you need to know about tax

Superannuation contributions are often a tax-effective way of building wealth. Photo: Getty

Question 1: Can I contribute $10,000 directly to my daughter’s Super fund, or do I have to put money into her bank account for her to do the contribution herself? Would it be more beneficial to do this as a non-concessional contribution compared to a concessional contribution?

I am thinking the non-concessional way would mean more dollars in her super in the long term. She is in the 34.5 per cent tax bracket.