I am 51, own my home and have a small mortgage on an investment property.  I have $114,000 in super, make additional contributions of 6 per cent; and would like to save an additional $200 each week.  Would you suggest I salary sacrifice this $200 to super, or start a blue chip share portfolio?

ANSWER:

As long as your income is more than $37,000 a year I would certainly prefer that you salary sacrifice to super, as such contributions lose just 15 per cent, whereas money taken in hand would lose at least 32.5 per cent.  At your age, lack of access is not an issue as you can retire at age 55 and draw your super if you wish. You can accumulate shares within super.