Tools & Resources

Boost your super this EOFY

Happy woman using a laptop computer

You never miss a deadline for a good reason - they matter.

Adhering to deadlines is paramount in the legal profession. Procedural requirements, client expectations, effective case management, proactive preparation, potential legal consequences, and professional ethics all emphasise the importance of meeting deadlines.

By working diligently within these timelines, legal professionals ensure the smooth progression of cases, build trust with clients, and ultimately achieve positive outcomes. It's a mindset ingrained in the legal field that you can apply to various aspects of life, including retirement planning.

By acting before the June 30 deadline, you may substantially impact the growth of your superannuation savings.

Two simple tax-saving strategies 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. 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.

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 skilled Client Service Managers 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.

 

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 www.legalsuper.com.au before making any decision. Past performance is not a reliable indicator for future performance.