Improving your finances to set you up for a more prosperous future doesn’t have to be complicated.
In fact, there are a range of smart strategies you can employ now that can make a substantial difference to your finances. Here are three of the best:
Boost savings and minimise tax through salary sacrifice
Speak to your employer about regularly contributing some of your pre-tax salary to super. These pre-tax (or concessional) contributions are an effective way to build wealth because they are generally taxed at 15%1 and not your marginal rate which could be up to 49%2.
Find out more about salary sacrifice.
Bring your super together
If you’ve changed jobs several times over the years, chances are you have more than one super account. By brining your super together in the one place, you can cut down on fees and put the power of compound interest to work for your money.
We can help you consolidate your super.
Find your lost super
If you have multiple super accounts, you may have lost track of one or more of them. Finding your lost super doesn’t have to be a hassle.
We can help you find your lost super.
Important information
Source: insights.mlc.com.au
1 Individuals with income above $300,000 will pay an additional 15% tax on concessional super contributions.
2 Includes Medicare levy and the Temporary Budget Repair Levy of 2% on taxable income exceeding $180,000.
