ANZ Smart Choice Super Investor Update : Member Update Autumn 2013
12 Super tips for June 2013 The end of financial year is fast approaching, and with it are some opportunities that may help maximise your superannuation balance. Consolidate now Why not consider moving your super into one account? You may be paying multiple sets of fees, including commissions on multiple funds – including any you may have lost, not to mention the hassle of receiving multiple statements†. Call 13 12 87 and we can help you track down and roll over your super funds into your ANZ Smart Choice account. Salary sacrifice Generally, if you earn more than $37,000, salary sacrifice could be an attractive option to help grow your super. It involves giving up some of your take-home pay and putting it into your super fund instead. Rather than pay tax at your highest marginal rate, your super contributions are generally taxed at 15%. For 2012/13 tax year, pre-tax contributions are capped at $25,000. Check with your employer about how best to arrange a salary sacrifice arrangement. If you’re self- employed, you can get a similar benefit, but you should seek qualified tax advice. Government co-contribution‡ If you earn up to $46,920 and make an after-tax payment into your super before 30 June 2013, you may be entitled to receive a Government co-contribution of up to $500. You don’t have to do anything further; the Government will automatically make the payment into your ANZ Smart Choice Super account. Spouse contributions If your spouse or partner is set to earn $13,800 or less this tax year and you contribute up to $3,000 contribution to their super before 30 June, you could receive a maximum tax offset of $540. For couples with a spouse or partner who is either not working, working part time or taking time off work to help raise a family, this option can help ensure their super does not get left behind.
Investor Update 2012
Member Update Winter 2013