Every eligible employee receives a minimum super payment from their employer. But there are a number of ways you can top up your super, to boost your retirement savings further.
If your marginal tax rate is greater than 15%, there are some smart tax reasons for sacrificing some of your salary to super.
Even a small contribution to your super can make a big difference over time.
Maximise the amount your employer contributes to your super.
Want to share the love? You can contribute to your spouse’s super too. You may even be eligible for a tax offset.
If you work for yourself, you can contribute directly into your Accumulation account.
By getting a handle on the Australian Government’s caps, you’ll ensure you don’t get penalised for extra payments.
If you earn less than $37,000, the LISC means you may get a refund on the super contribution tax you have paid.