you’re working on a start-up, in the gig economy or a regular business, saving
money into super today could make a big difference to your income in
retirement. Using a super projection calculator can help you see what your
future income could look like with or without super.
Talking to a financial adviser can
help you clarify your financial and lifestyle goals in retirement and steps you
can take now to help you get there. It can also help you decide whether you
want to contribute to super before-tax (concessional contributions) or
after-tax (non-concessional contributions) and how much.
If you have a predictable cash flow, it may suit you to set up a regular transfer into super, or you can transfer a lump sum when you have enough cash. Super can be paid into your account via BPAY or direct debit.
You are able to claim a tax deduction
for contributions you make from after-tax income up to 25,000 in any one year.
Simply let you super fund know you intend to claim using the Claiming a tax deduction form