Adding a little extra to your super now can make a big difference when you retire, so our friends at Active Super have some tips on boosting your super now, so you can live your best life in retirement.

  1. Salary sacrifice
    One of the simplest and most effective super-saving strategies, salary sacrifice, involves your employer adding a portion of your pre-tax salary into your super each pay cycle. It’s a simple way you could grow your super while taking advantage of tax benefits.
  1. Government co-contributions
    If you earn less than $57,016 each year and make a personal contribution to your super, the government could kick in an additional $500 into your super. The amount you receive depends on your total income and how much money you contribute.  Eligibility criteria applies.
  1. Spouse contributions
    If you have a spouse who contributes to your super, then we’ve got good news for you both as they could receive a tax offset of up to $540 while you enjoy a boost to your retirement savings. It’s a win for you both.
  2. Personal contributions
    If you make a payment to your super from your take-home pay, you may be able to claim a tax deduction. Again, eligibility criteria applies and there are limits to how much you can contribute.
  3. Boost your super while you shop
    If you are a member of Active Super, now there’s a way to boost your super while you shop with Active Super Booster. By linking your debit or credit cards, you can receive small top-ups to your super when you make eligible purchases at over 500 online or instore partner retailers.* It’s a simple way to boost your super through everyday activities.

To learn more about boosting your super, visit activesuper.com.au/grow

Important things to know:

  • If you exceed the super contribution limits, additional tax may apply.
  • The value of your investment in super can go up and down. Before making extra contributions, make sure you understand and are comfortable with any potential risks.
  • The government sets general rules about when you can access your super, which means you typically won’t be able to access your super until you retire.
  • Before taking advantage of any of these options, you should check any eligibility requirements and you may also wish to seek professional advice before making a decision.

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* Please note, participating retailers and reward offers are subject to change. A full list of current participating retailers can be found here.

This has been issued by LGSS Pty Limited (ABN 68 078 003 497) (AFSL 383558), as Trustee for Local Government Super (ABN 28 901 371 321) (Active Super). The information in this document is general advice only and does not take into account your personal objectives, situation or needs. You should consider obtaining professional financial, taxation and or legal advice tailored to your personal circumstances and refer to the relevant Product Disclosure Statement and Target Market Determination available at activesuper.com.au before making a financial decision. Active Super Accumulation Scheme is issued by LGSS Pty Limited.