The power of 10 years
By just getting started and saving often, a little can go a long way.
With 10Invest you can start with $1,000 or more and contribute as little as $50 per investment option through a regular savings plan.
A regular savings plan will not only help grow your investment, you will also benefit from the compounding effect of your earnings being reinvested.
After 10 years, you can withdraw your money and any investment earnings will not need to be declared on your personal tax return, or you can continue to save. The choice is yours.
If you need your money sooner you can access it at any time within the first 10 years and claim a 30% tax offset for tax already paid within the investment bond, to reduce your personal income tax.