Tag: retirement savings tools
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Maximizing Super Contributions: Expert Tips for Salary Sacrifice Strategy
Boosting superannuation contributions through salary sacrifice requires careful consideration, especially with the recent changes in concessional contribution caps. Tim Sanderson, a senior technical manager, highlights the importance of assessing various technical aspects that could impact individuals with higher balances. He emphasizes the need to account for additional contributions that count towards the concessional cap, such…
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Demystifying Super: A Comprehensive Guide for Beginners
Superannuation, a cornerstone of Australia’s retirement landscape, has been a compulsory savings scheme since 1992. Despite its long history, many individuals still grapple with understanding its intricacies. The Super for beginners guide aims to demystify superannuation, covering its purpose, contributions, taxation, and withdrawal rules. For those new to super, this guide offers a comprehensive overview…