“The more your money works for you, the less you have to work for money.”
– Idowu Koyenikan –
Superannuation is an integral part of a successful retirement, so it’s important to make sure you are utilising the superannuation environment to its full potential before you retire. Superannuation presents many strategies that you can employ prior to retirement in order to build your retirement nest egg tax effectively, and at a greater rate. This includes;
- Tax Deductible contributions
- After tax super contributions
- Government co-contribution
- Contribution splitting
- Spouse contributions
- Salary sacrifice
An Odyssey Financial Adviser can help you consider whether your existing superannuation fund suits your long- term goals or if there are better alternatives, whilst taking into account:
- How much you will need at retirement
- Your investment options (and whether they suit you)
- How to best contribute to your Super to achieve your retirement income goal
- Efficiencies
- Insurance needs
