For many working Australians, investing through superannuation is an effective way to secure your financial future in retirement. While you are working it is important to regularly review your super contributions to ensure you are saving enough to fund an enjoyable lifestyle once you enter retirement…
Maximizing your super
The government provides generous tax incentives to encourage Australians to invest in super. The more you take advantage of these, the more super you’re likely to accumulate over time. For example, you might consider setting up a salary sacrifice arrangement with your employer. This will allow you to make super contributions from your pre-tax salary and could also reduce your income tax bill.
Depending on your income and family situation, you may be eligible for other benefits, such as the government co-contribution or a tax rebate when making contributions to your spouse’s super (both are subject to eligibility criteria). We can also show you how you may be able to save tax by paying for your life insurance through your super.
Some people find it difficult to know how much to contribute to super. In truth, there is no right or wrong amount, although there are limits (as required by legislation) to how much you can contribute each year. Our approach is to start at the end, and ask you what sort of lifestyle you want in retirement. The more extensive your plans, the more super you’re likely to need to provide sufficient retirement income. It also helps to know how long you plan to keep working and what other income-producing assets you have.
If you own a small- or medium-sized business, we can advise you on how to structure a corporate super plan that takes into account any salary packaging requirements and remuneration programs.
It is never too late to take control of your super. However, the rules are complex, so it is important to get expert advice to ensure you make the most of your superannuation savings.
To find out how to maximize your super, call 02 9299 9333 or email email@example.com.
Relevant facts about Superannuation
Bundle & Save
Proin eget tortor risus. Praesent sapien massa, convallis a pellentesque nec, egestas non nisi. Donec rutrum congue leo eget malesuada. Nulla porttitor accumsan tincidunt. Donec rutrum congue leo eget malesuada.
Skype With a Planner
Book your free 40 minute consultation on Skype. Email us some dates and times you are free so we can make a plan
+61 2 92999333
Meet a Planner
You would like to meet us one-on-one. We would love to meet with you! Please book an appointment on our online system
+61 2 92999333
Put You & Your Family in Good Hands
Get In Touch
If you would like to discuss your situation or make an appointment, please contact us.