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Book a FREE consultation
and receive your complimentary eBook

Get started with a free strategy consultation and receive a copy of the Good Fortune Guide – written by James McFall, Managing Director Yield FP and 2020 National Finalist Certified Financial Planner of the Year to help educate you on your Financial Plan.

5 Smart Superannuation Strategies To Think About Before The 2021 EOFY

We have updated and reviewed the best solutions to implement for the end of the 2021 financial year, as we do at the end of each financial year to benefit you and your superannuation.

Decisions around your superannuation strategies can feel difficult and even out of your control. There are some easy financial strategies you can have in place to be in a confident position about your retirement that everyone should practice.

Making contributions to Super can achieve a risk-free rate of return in the form of a tax saving, leading it to be a very attractive way to invest for retirement.

The following infographics outline 5 Smart Superannuation Strategies that help to reduce your tax and increase your return.

1. Make a Contribution from your Bank Account and Claim a Tax Deduction

2. Consider Contributing After-Tax Money to Super

These contributions are called non-concessional contributions and are particularly worth looking at when you are closer to retirement. For more information on the types of contributions, you can make to your superannuation click here.

superannuation strategies

3. Take Advantage of the Government Co-Contribution Payment

Should you be eligible, low-income earners can make voluntary non-concessional contributions to Super and be guaranteed a 50% return on eligible contributions, boosting their nest egg for retirement.

superannuation strategies

4. Make a spousal contribution and save on tax

Spousal contributions equate to an 18% rate of return on contributions in the form of a tax offset for eligible couples.

superannuation strategies

5. Contribute your Bonus or Extra Income to Super via Salary Sacrifice

If you are lucky enough to be receiving a bonus in this COVID crisis it makes sense to think about contributing some of your entitlement to Super.

superannuation strategies

Yield Financial Planning Is Here To Help

If anything we’ve discussed above interests you and want to know more about how you can implement these strategies to assist in meeting your retirement goals, please contact the specialist team at Yield.

Important Note
Any information provided here is general advice only and does not consider your objectives, financial situation or needs. This information should not be taken as comprehensive and does not constitute legal or financial advice. You should seek legal, financial, or other professional advice before relying on any content. Yield Financial Planning is not responsible to you or anyone else for any loss suffered in connection with the use of this information. Information is only current at the date initially published.
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About Yield - Financial Planner Melbourne

Who we serve – We help time poor professionals and business owners who intuitively know they should be doing more to improve their financial position and are seeking an expert to guide them on financial planning strategies. Our clients want personalised financial planning advice and to feel empowered and confident that they can achieve a secure transition to retirement.

What we do – We gain a deep understanding of your current financial position and preferences, what you value and want to achieve. We then help you develop a highly personalised financial plan, to show you how to make your money work harder for you. Ongoing we regularly monitor and measure progress against your plan projections, to show you how you’re tracking and help you manage change to your advantage.

How we do it – We apply our proven expertise in investment markets (Shares & Property), Tax and Debt structuring, Retirement Planning, Risk management and Estate planning, to help you reorganise the way you use your money to achieve your desired outcomes.

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