Boost your super this EOFY

With cost-of-living pressures on the rise, putting money aside for retirement may not be high on your priority list. But if you can, even small amounts can make a big difference on your super balance when you retire, while also reaping the benefits of potential tax savings.

Promoted by legalsuper 29 April 2024 Big Law
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Two simple tax-saving strategies that could help you achieve this:

Non-concessional contributions

Non-concessional contributions are made from after-tax income. You can make regular contributions or a contribution once a year – every little bit helps. If you’re a legalsuper member, you’ll find your BPAY details in your secure MemberAccess account.

Concessional contributions:

This involves salary sacrificing a portion of your pre-tax income to your superannuation account. This can also be a tax-effective strategy, especially if you’re paying more than 15% tax on your wage.

You can find out more about salary sacrifice here.

You know law. We know super.

As the provider of superannuation services to the legal industry, we've served its unique needs for over thirty years. Since 1989 we have delivered customised high-performing superannuation solutions for the legal community. Members trust us to act in their best financial interests. We manage their super with the same exceptional level of knowledge they bring to their work in law. This commitment is the bedrock of our partnership and drives everything we do.

We’re here to help

Our experienced team of superannuation specialists is available to assist in exploring every available option. Whether you prefer in-person, over-the-phone, or online meetings, legalsuper’s superannuation specialists have a combined average of 20 years in the financial industry and are committed to making your experience easy and effective. Get the help you need with a fund that knows super as well as you know law.

If you have any questions about growing your super, our team can help. Send us a message or call us on 1800 060 312 between 8.00am and 8.00pm (AEST/AEDT) Monday to Friday.

Our goal is to always exceed our members' professional expectations.

To capitalise on your commitment to the legal industry, choose the fund that knows super as well as you know law. Visit legalsuper.com.au to find out more.

Disclaimers:

It's important to note that there are limits on the amount of concessional and non-concessional contributions that can be made to a superannuation fund each financial year.

These limits are subject to change and should be considered when planning your contributions.

This information provided is of a general nature, and it's recommended that you obtain personal advice from a licensed financial adviser and read the legalsuper Product Disclosure Statement (PDS) and Target Market Determination (TMD) available at legalsuper.com.au before making any decision. Past performance is not a reliable indicator for future performance.

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