Superannuation

Why is super so important?
Clever Super Strategies to consider?
How tax-effective is super?

Superannuation the more you save the sooner you can retire.

It is important to remember - that superannuation is your money, for your future retirement income.

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:

  1. Consolidate your Super - Keep track of your money and pay less fees.
  2. 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.
  3. 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.
  4. 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.

 

Superannuation

Organise a no-obligation consultation today.

Contact the team

Call: 03 9813 5822 Email: cif@cifp.com.au

To discuss your needs or if you have any questions.

You may be interested in our other professional services

Financial Planning

Financial Planning

Need Financial Advice?

Financial planning should be considered as an important part of life.

Developing appropriate financial planning strategies may be difficult for some people.

Centre In Finance can help you manage your financial affairs and meet your life goals – the first step is to make sure you have access to the right financial advice.

Read More
Retirement Planning

Retirement Planning

Can I afford to retire?

Once you reach your preservation age you can access your super, so you have a number of options available to you.

Retiring permanently largely depends on whether you have the financial resources available to last for the rest of your life (which could be over twenty years). Especially if there is no access to the age pension until 65 for men and for women the rule is, depends in which year they are born.

Read More
Wealth Protection

Wealth Protection

Important to secure the Wealth Protection for you and your family.

Our team work with you in understanding what impact unexpected health issues or death may have on you and your family. How your assets or quality of life, may be at risk.

Many insure their car and house but few will insure their most valuable asset - themselves.

Read More
Savings Plan

Savings Plan

BOOST THE LOW RETURNS FROM YOUR CASH AND TERM DEPOSITS:

Establish a savings /income plan to have your hard working money earn a better return.

Read More
Women, Superannuation and Lifestyle

Women, Superannuation and Lifestyle

Super – Vital for the New Age Woman

Statistically women tend to live longer than men, making it even more essential for them to accumulate enough superannuation to last through retirement.

According to a survey by Lonergan research conducted in 2011, 83 % of women say that their death will place a huge financial burden on their family. Taking out Life insurance can ensure that your family will not be in financial trouble if you are no longer able to provide for them.

Read More