I am 25 and live in Australia. As such my employer must pay 9.5% of my wage into a superannuation retirement account. I have and continue to save and currently have 18k in a savings account earning low interest (2-3%). For any additional savings, I want to invest it into shares, as I currently don't have enough to get into a property.
Is there any point in putting money into superannuation at this point? I am aware that pre-tax contributions (also known as salary sacrificing) are taxed at a discounted rate of 15%. Can someone please explain the advantage of that using math/an example? I can't seem to understand why that's a discount as opposed to not making salary sacrifice and using the money elsewhere.
Is there a point in salary sacrificing as opposed to using that money to buy shares?