Posts Tagged ‘Superannuation’
Navigating Resilient Retirement
Introduction: The Legacy and Limits of the 4% Rule When Bill Bengen first delved into the mathematics of spending in retirement, his aim was to answer a deceptively simple question: how much can you safely draw from your investments each year and never run out of money? After studying a range of portfolios and market…
Read MoreSUPER SPLITTING
GROW YOUR WEALTH TOGETHER Introduction: Why Super Splitting Matters for Australian Families When it comes to preparing for retirement, many Australians focus on growing their superannuation individually. But what if there was a way for couples to work together, sharing their super contributions to build a stronger financial future? This is where superannuation contribution splitting—commonly…
Read MoreWealth, Wisdom, and Wellbeing: How End-of-Year Super Planning Can Secure Your Future
As the end of the financial year approaches, Australians are presented with a unique opportunity to take stock of their financial health and make decisions that can shape their future. Superannuation, the cornerstone of retirement planning in Australia, is at the heart of this process. The period leading up to June 30 is not just…
Read MoreSpouse Contributions: Looking for ways to boost your super?
My spouse and I are looking at ways to boost our super. How do spouse contributions and the associated tax offset work? Spouse contributions can be a great way to build your partner’s superannuation and potentially benefit from a tax offset. If your spouse earns less than $37,000 a year, you may be eligible for…
Read MoreSuper strategies; Make tax-deductible super contributions
By making a personal tax deduction super contribution, you may be able to pay less tax and invest more in super. How does the strategy work? If you make a personal super contribution, you may be able to claim the contribution as a tax deduction and reduce your taxable income. The contribution will generally be…
Read MoreSuper strategies – Splitting your super contributions to your spouse
Splitting super contributions to your spouse’s super account may help to boost their retirement savingsand provide a range of other benefits. How does the strategy work? You may be able to split (transfer) eligible concessional contributions (CCs) that you’ve made or received to your spouse’s super account. Eligible CCs include employer super contributions and personal…
Read MoreSuper strategies – Topping up super with ‘catch-up’ contributions
If you have not fully used your concessional cap in a prior financial year, youmay be eligible to use these unused carried forward amounts in a later year.Depending on your circumstances, this could help you to maximise tax‑effective super contributions and invest more for retirement. How does the strategy work? If your concessional contributions (CCs)…
Read MoreSuper strategies – Top-up your super with help from the Government
If your income is under a certain threshold, then making personal after-tax super contributions could enable you to qualify for a Governmentco-contribution and take advantage of the low tax rate payable in super on investment earnings. How does the strategy work? If you are under 71 at the end of the financial year, earn1 less…
Read MoreSuper strategies – Sacrifice pre-tax salary into super
Contributing some of your pre‑tax salary, wages or a bonus into super could help you to reduce your tax and invest more for your retirement. How does the strategy work? With this strategy, known as salary sacrifice, you need to arrange for your employer to contribute some of your pre‑tax salary, wages or bonus directly…
Read MoreSuperannuation Beneficiaries
Wondering if your siblings can receive your superannuation? Learn the rules around eligible beneficiaries and how to ensure your nomination is valid with expert advice from Leading Advice Sydney.
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