I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Increase your Super

An efficient method to grow your super financial savings while possibly needing much less tax obligation may be through sacrifice. A small payment could also make a large distinction in time as you make returns on your payments. When you invest on pre-tax revenue through salary sacrifice, you may also benefit from the 15% concessional tax obligation rate on super contributions, placing you even further ahead.

Presently, you can add $30,000 a year at approximately the age of 50 in concessional super contributions (which include employer super warranty contributions), or $35,000 if you are aged 50 or over.

Also, if there's a large sum you prefer to contribute to super, like if you are preparing to market a non-super asset, such as a financial investment building, you can do this by making non-concessional personal payments of as much as $180,000 a year from your after-tax revenue. You could also take advantage of the advance rule which permits members to age 64 or less to bring forth two years worth of non-concessional payments as well as contribute as much as $540,000 at any moment over a three-year duration.

Review Your Investment Option

Our super is just one of our most useful assets, so it's not surprising that a lot of us want to safeguard it by investing in a low-risk option. It's vital to remember that what is safe today could expose you to a higher risk - losing cash tomorrow when your cost savings don't produce the returns you require for a comfortable retirement. So it is vital to choose the appropriate financial investment choice for your goals and financial investment timetable.

That's where to advise from an expert adviser could make a difference. Your advisor could assist you in computing just how much super you'll need, and then use the best strategy to reach your goal.

Talk to your consultant today, or find an expert. Call us at 1300 252 167

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