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Thanks to the power of compounding interest, the sooner you begin contributing to your superannuation plan, the further ahead you will be, as you can see in the example of Tom and Nick.

• Tom started saving $100 per month at age 25 and continued saving for ten years. By age 65, his investment would have grown to $200,000.
• In contrast, Nick started saving $100 per month at age 35 and continued to save for thirty years. But his investment would grow to only $150,000. *Based on an 8% return compounded monthly.

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