I am 67 years old and just retired. I have some money in Superannuation account, which I intend to turn into a Choice Income account. I also have some savings, which I keep in bank accounts. The Super Fund's advisor suggested I make $360,000 non-concessional contributions (using the Bring Forward Rule). My question is: am I not better off keeping my savings into the bank (I am getting decent interest rates on those)? I am aware that I have to pay Tax on all the interest I get on those accounts. Is there a way to avoid paying tax on the interest of this money?
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