Your Financial Planning Guide: How to Plan With Superannuation

January 6, 2022
January 6, 2022
Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]The type of superannuation fund you have and its risk exposure have a large impact on your planning. The types of super funds you have to choose from depend partly on your profession. Government employees and employees of some private companies may have specialised funds. The most common fund types are:
  • Industry funds
  • Retail funds
  • Self-managed super funds (SMSFs)
Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]The type of superannuation fund you have and its risk exposure have a large impact on your planning. The types of super funds you have to choose from depend partly on your profession. Government employees and employees of some private companies may have specialised funds. The most common fund types are:
  • Industry funds
  • Retail funds
  • Self-managed super funds (SMSFs)
Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Superannuation (“super”) is money that your employer pays into your super account. Your super fund invests the money on your behalf until you retire. Your super gives you money to live on when you retire. Typically, you can only withdraw your super money when you retire or turn 65 years old. You may be able to withdraw it in some other circumstances, like specific medical conditions or severe financial hardship.

Types of Super Funds and Risk Exposure

The type of superannuation fund you have and its risk exposure have a large impact on your planning. The types of super funds you have to choose from depend partly on your profession. Government employees and employees of some private companies may have specialised funds. The most common fund types are:
  • Industry funds
  • Retail funds
  • Self-managed super funds (SMSFs)
Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Superannuation (“super”) is money that your employer pays into your super account. Your super fund invests the money on your behalf until you retire. Your super gives you money to live on when you retire. Typically, you can only withdraw your super money when you retire or turn 65 years old. You may be able to withdraw it in some other circumstances, like specific medical conditions or severe financial hardship.

Types of Super Funds and Risk Exposure

The type of superannuation fund you have and its risk exposure have a large impact on your planning. The types of super funds you have to choose from depend partly on your profession. Government employees and employees of some private companies may have specialised funds. The most common fund types are:
  • Industry funds
  • Retail funds
  • Self-managed super funds (SMSFs)
Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]If superannuation planning leaves you feeling confused or overwhelmed, you’re not alone. Finding qualified superannuation advice in Australia takes research. The Australian government recently passed significant reform legislation to increase transparency in the superannuation industry. Read on to learn more about superannuation planning so you can start getting the most from your super.

What Is Superannuation?

Superannuation (“super”) is money that your employer pays into your super account. Your super fund invests the money on your behalf until you retire. Your super gives you money to live on when you retire. Typically, you can only withdraw your super money when you retire or turn 65 years old. You may be able to withdraw it in some other circumstances, like specific medical conditions or severe financial hardship.

Types of Super Funds and Risk Exposure

The type of superannuation fund you have and its risk exposure have a large impact on your planning. The types of super funds you have to choose from depend partly on your profession. Government employees and employees of some private companies may have specialised funds. The most common fund types are:
  • Industry funds
  • Retail funds
  • Self-managed super funds (SMSFs)
Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]Superannuation assets totalled $3.4 trillion in September 2021. Is your super giving you the returns you’re looking for? How can you maximise the growth of your money for retirement? If superannuation planning leaves you feeling confused or overwhelmed, you’re not alone. Finding qualified superannuation advice in Australia takes research. The Australian government recently passed significant reform legislation to increase transparency in the superannuation industry. Read on to learn more about superannuation planning so you can start getting the most from your super.

What Is Superannuation?

Superannuation (“super”) is money that your employer pays into your super account. Your super fund invests the money on your behalf until you retire. Your super gives you money to live on when you retire. Typically, you can only withdraw your super money when you retire or turn 65 years old. You may be able to withdraw it in some other circumstances, like specific medical conditions or severe financial hardship.

Types of Super Funds and Risk Exposure

The type of superannuation fund you have and its risk exposure have a large impact on your planning. The types of super funds you have to choose from depend partly on your profession. Government employees and employees of some private companies may have specialised funds. The most common fund types are:
  • Industry funds
  • Retail funds
  • Self-managed super funds (SMSFs)
Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
Superannuation assets totalled $3.4 trillion in September 2021. Is your super giving you the returns you’re looking for? How can you maximise the growth of your money for retirement? If superannuation planning leaves you feeling confused or overwhelmed, you’re not alone. Finding qualified superannuation advice in Australia takes research. The Australian government recently passed significant reform legislation to increase transparency in the superannuation industry. Read on to learn more about superannuation planning so you can start getting the most from your super.

What Is Superannuation?

Superannuation (“super”) is money that your employer pays into your super account. Your super fund invests the money on your behalf until you retire. Your super gives you money to live on when you retire. Typically, you can only withdraw your super money when you retire or turn 65 years old. You may be able to withdraw it in some other circumstances, like specific medical conditions or severe financial hardship.

Types of Super Funds and Risk Exposure

The type of superannuation fund you have and its risk exposure have a large impact on your planning. The types of super funds you have to choose from depend partly on your profession. Government employees and employees of some private companies may have specialised funds. The most common fund types are:
  • Industry funds
  • Retail funds
  • Self-managed super funds (SMSFs)
Each type has different investment strategies and obligations to its stakeholders. Super funds can invest in a range of different assets. The value of some investments fluctuates more than others. Growth assets like shares are more volatile. However, the long-term returns can be higher. Defensive assets like cash are more stable, but the growth potential is lower.

Planning Your Superannuation Contributions

You need regular contributions to your super to ensure you’ll have enough money when you retire. For most people, the main source of money in your super comes from your employer. You can make personal contributions as well. The government makes additional contributions for eligible low-income individuals. Good superannuation planning takes into account all the types of contributions you’re eligible for. You can optimise your contributions to improve the growth of your wealth and reduce tax.

Employer Super Contributions

Your employer has a legal obligation to make contributions to your super account. This money is in addition to your normal pay. In most cases, your employer should pay super for you if you’re 18 or older and make $450 or more a month. If you’re under 18, you need to work more than 30 hours a week to be eligible for super. The requirements apply whether your job is casual, part-time, or full-time. Some contractors are also eligible for super. Temporary residents can qualify as well.

How Much Does My Employer Pay Into My Super?

The law mandates how much your employer should pay into your super account. This minimum payment is called the super guarantee. Currently, your employer must pay at least 10% of your ordinary time earnings into your super account. Ordinary time earnings are what you receive for ordinary hours of work. Overtime hours are typically not included in the calculation.

Verify Your Employer’s Contributions

Unfortunately, not all employers comply with the law regarding super contributions. You should verify that your employer is making the right super payments. Super payments should appear on your payslip. However, this doesn’t prove that your employer actually made the payments. You should periodically check with your super fund to make sure the payments occurred. You can check online or by calling the fund. Keep in mind that your employer may only transfer money to your super once every three months. You can report your employer to the Australian Taxation Office (ATO) if they’re not paying your super. The ATO imposes fines and penalties on employers who don’t comply with superannuation laws.

Personal Super Contributions

You can help your super grow faster by making payments yourself. These payments can be an important part of your retirement planning. You can make pre-tax or after-tax contributions

Pre-Tax Super Contributions

You can ask your employer to put a certain amount of money from your pre-tax pay into your super account. Pre-tax payments are often called salary sacrifice or salary packaging contributions. The tax rate on the money you pay into your super is 15%. This is less than the tax rate most people pay. You benefit from lower taxes and higher retirement savings. The law limits the amount you can contribute each year. Currently, the total employer and individual contributions can’t be more than $27,500 per year.

After-Tax Contributions

Payments to your super from your after-tax pay are called non-concessional contributions. The contribution limit is higher than for pre-tax payments. You can make up to $110,000 in after-tax contributions each year. You may be eligible for a tax deduction for your after-tax payments.

Government Super Contributions and Super Tax Offsets

If you’re low- to middle-income, the government may match your after-tax super contributions. These co-contributions are a good way to boost your savings. The government will determine if you’re eligible when you lodge your tax return. You may qualify for a superannuation tax offset if you make $37,000 or less a year. The ATO will determine if you’re eligible. If you qualify, the ATO will pay up to $500 per year into your super fund.

Minimising Fees and Taxes

Contributions are only one part of planning with superannuation. You need to minimise your fees and taxes to get the best returns from your fund. Super funds charge various types of fees including:
  • Contribution or entry fees, when you join the fund
  • Administration and member fees, to cover administrative and other costs
  • Investment fees, which go to the fund’s investment managers and consultants
Comparing the fees that different funds charge will help you minimise these expenses. You may owe tax on the money you withdraw from your super. How and when you take the money affects your tax. A qualified financial advisor can give you superannuation advice for your tax situation.

Get Qualified Planning Advice for Your Superannuation

Your superannuation is a key part of giving yourself a comfortable retirement. Good financial planning is critical if you want to get the best possible return from your super fund. However, the number of options can make planning seem overwhelming. This is where qualified financial advisors can help. Next Generation Advice is ready to be your Gold Coast financial planning partner. We can give you expert guidance to optimise and manage your financial well-being. We’ll help you plan your super to build wealth, reduce tax, and minimise risk. Contact us today for a free assessment and take control of your superannuation planning.
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