How do you decide between extra super contributions vs investing in ETFs?

I'm just starting to learn more about finance and recently had a conversation with a friend about making extra super contributions. I'm a high-income earner and subject to the 30% super tax, so I was wondering why I’d add more to super instead of investing in ETFs or other assets. My friend pointed out that super is only taxed once — which was a light bulb moment for me! How do you decide between contributing extra to super versus investing outside of it? What factors do you consider, and what are the pros and cons? I'm 43, so I won’t be able to access my super for about 20 years.

Lucas Garcia

Asked on 15 January 2025

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