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There are plenty of ways to supersize your super

Would you like to supersize your super and take full advantage of all those lovely tax benefits that only super can offer? Who wouldn’t? The good news is there are plenty of ways to do this. If you know about them.

That’s where professional advice comes in:

 

Pre-tax contributions – could save around 20% in tax right off the bat.

Government co-contribution – up to $500 each per year.

Spouse contributions – up to $540.

Catch-up concessional contributions – up to $100,000 per couple.

The Downsizer contribution option – up to $600,000 per couple.

Small business one-off contribution – up to $1.515M*

And let’s not forget investment options, including geared investments, over the long term these can make an enormous difference to the size of your super.
Don’t want to miss out on these and many other opportunities? Not sure how and when to act on them? Simple.

Get professional advice.

Professional advice – quite possibly the most valuable investment you‘ll ever make.
* Current as at October 2019

For help contact your professional financial adviser today.

Please note: inTouch and informtion in this editorial is of a general nature only and neither represents nor is intended to give specific advice on any particular matter. This publication does not contain tax advice and it is recommended that you speak with a tax specialist about your circumstances. We strongly suggest that no person should act specifically on the basis of information contained herein but should obtain appropriate professional advice on their own personal circumstances. The views expressed in this publication are solely those of the author; they are not reflective or indicative of RI Advice’s position and are not to be attributed to RI Advice. They cannot be reproduced in any form without the express written consent of the author. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out. Materials are published by RI Advice Group Pty Ltd. ABN 23 001 774 125 AFSL 238429. The information in this publication is current as of October 2019.

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