People lose sight of the fact that superannuation itself is a tax effective structure, not an investment. It’s the tax effective nature of superannuation that makes it an influential tool to accumulate wealth as you near retirement. Whether you have your superannuation invested in an industry, retail or self-managed super fund (SMSF), there are a number of strategies you can consider to boost your account balance and reduce tax. It’s important that you optimise your superannuation arrangements because for most people, superannuation will become a key asset in planning for retirement and achieving financial security. To guarantee that your superannuation growth is maximised to create a steady income in retirement, we consider issues such as your need to access capital, your ability to contribute, your investment prospect for long term growth and your retirement income necessities.