A new report by the Grattan Institute has found that tax breaks in superannuation are costing the Australian budget $45 billion a year and aren't fairly targeted.
For young Aussies, a relatively small sacrifice - that is, a salary sacrifice into super - could mean they are hundreds of thousands of dollars better off in retirement.
You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments.
You can expect to hear from us every week.
In the meantime, stay up to date by following Money on social media.
Important
To ensure you receive emails from us, we recommend that you add our email address (@moneymag.com.au) to your contacts or safe senders list.
If you don't receive our newsletters, please check your "Junk" folders. Your email provider should give you an option to add the email to your safe list.