Changes to Superannuation Uncovered
With the recent changes to the legislation surrounding Superannuation, there is no better time than now to get your super working for you. From July 1, 2014 the compulsory superannuation guarantee (SG) will increase from 9.25% to 9.5%. There will be no further increases until July 2018, when SG will begin to rise by 0.5% each financial year until it reaches 12% in 2022.
When you meet with Elodus, we discuss the numerous ways of maximising the potential of your superannuation. Below are a few tips to help get you on the right path:
• Making additional super contributions while keeping within allowable limits
• Consolidating all of your super funds into one fund
• Deciding what level of risk you are comfortable with regarding your super
Managing your superannuation assets, structure and contributions now is the key to fulfilling your retirement dreams.