What to do with your superannuation before the end of the financial year

Tipping money into your superannuation can lower your tax bill. Photo: Getty

Reviewing your superannuation is a sensible thing to do before the end of the financial year.

That’s because the money paid into your super account is typically taxed at a much lower rate than your income – and so tipping extra money into your super could lower your tax bill, while simultaneously helping you build a bigger nest egg for retirement.