Why make super contributions before 30 June?

For those of us lucky enough to have some savings, you may ask yourself "what's a better investment - pay down your mortgage or increase your super?"

This short video answers that question.  In summary, it's important to attend to both, however in a low interest environment (as we are in now), the long term reward may be better if you increase your super assets.

Remember before 30 June -  if it's appropriate for you - to take advantage of the $30,000/$35,000 per financial year concessional contribution you can pay, or have paid, into your super.  This table summarises the contribution caps, which are decreasing next financial year.

 

Please ask our Financial Planner Patrick Jong Ph 0402 643 893 if you have any questions about your wealth management, including super.

Cheers, Marvin 0431 376 008

Posted in: Financial planning

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