Superannuation
Income from superannuation funds is crucial for private wealth creation and shaping your retirement lifestyle. Trust Morgans’ expert financial planners and advisers for knowledgeable support in crafting a strategic superannuation investment plan.
Superannuation advice
Superannuation advice
Superannuation is arguably the most tax-effective method of saving for your retirement. For many of us, it is the largest asset we have, apart from our homes. With a variety of contribution options, superannuation can be a complex area for the uninformed. As a significant asset, understanding various contribution options is crucial. Develop a strategic approach to leverage tax benefits, financial incentives, and rebates, ensuring a comfortable retirement standard.
Making contributions
Contributions to superannuation can come from various sources:
- Employer Super Guarantee Contributions: Now 11.5% of your income for this 2024/25 financial year.
- Employee Salary Sacrifice Contributions: Redirect part of your salary to super, offering potential tax benefits.
- Self-Employed Contributions: Choose between deductible and non-deductible contributions.
- Not Working and Under 75 (Non-deductible): Contributions allowed without a deduction.
- Spouse Contributions: Includes spouse splitting or contributions on behalf of a spouse.
Super strategy
By devising a strategic superannuation strategy, you can take advantage of benefits such as Transition to Retirement (TTR) rules, diverse superannuation options, self-managed superannuation funds (SMSF), salary packaging (or salary sacrifice), and retirement income streams. Tailoring these choices enhances your financial standing and superannuation planning.
Enjoy your retirement
Make the most out of superannuation investment decisions to boost income. Rolling funds into a pension income stream post-retirement enhances tax efficiency and Centrelink benefits, granting flexibility in asset distribution to beneficiaries. Account-based pensions, a prevalent superannuation form, provide diverse investment options, allowing you to tailor your portfolio for effective income and growth in retirement. This strategic flexibility ensures ultimate control over investment risk and returns within your superannuation fund, contributing to a more secure financial future.
Superannuation thresholds for 2025/26
Superannuation thresholds for the new financial year 2025/26 is now available to download.
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