Why is Super so important
Super is a tax advantage strategy to accumulate Retirement savings.
Super accumulates from contributions made by your employer and your additional contribution.
The government will add to your super by a rebate or tax deduction.
Accumulate for your Retirement - Start building your nest egg.
Superannuation is a retiement investment with many benefits.
Let us help you with your Superannuation and maximise your future wealth.
Clever Super strategies to consider:
- Consolidate your Super - Keep track of your money and pay less fees.
- Boost your Super savings - The before-tax contributions (also known as concessional contributions) you make, and performance returns you may earn inside Super are taxed at 15%. For many saving through Super is more tax effective than saving the same amount outside Super.
- Salary Sacrificing - This is simply agreeing with your employer for some of your pre-tax salary to be paid directly to your Super fund, before income tax is deducted.
- Take a long-term view - Super is generally a long-term investment its held for your future.
How tax-effective is super?
Contribute $1,000 to super and receive $500 from the ATO (50% return).
Your spouse contributes $3,000 to Super to gain a tax refund of $540 (18% return)
Personal Super contributions are accessible ($30,000) to purchase a First home.
Beware of the caps
There are caps on the amount of concessional (before tax) and non-concessional (after tax) superannution contributions you can make each year. Please contact us for more information on concessional and non-concessional superannuation contribution caps.
