There are a number of things you can do in the lead up to retirement to make your financial future more secure.
Make Additional Contributions to your Super – You can top up your super with some of your non-super savings, making it a more tax-effective way to save. if you’re self-employed, or earning little income from an employer, or not working at all, you may be able to claim super contributions as a tax deduction.
Receive a Super Top-Up from the Government – If you earn lower amounts you may be eligible for additional contributions via the Government Co-Contribution. Visit the ATO website for more details.
Salary Sacrifice into Super – If you are an employee, you may be able to put some of your pay straight into super. Visit the ATO website for more details
Transition to Retirement – If you are aged 55 or older, you may be able to turn some of your normal income into a more tax-effective income from super. More details here
Reg Leis Financial Services offers a range of personalised and tailored advice solutions to help you plan for your retirement, no matter your stage of life. Make an obligation-free appointment to talk to one of our financial advisers today.