Don’t miss this (June 30 is closer than you think…)
Every year around this time…
a little alarm bell goes off in my head:
“Have I sorted my super contributions yet?”
Some people are on top of it.
Others?
It’s more like…
“Ugh… I forgot again.”
I had someone email me on June 26 last year asking if they could still contribute.
Technically yes…
But let’s just say it was a little too close for comfort.
That’s the trap.
Super is important…
but because you can’t see it or touch it, it gets pushed to “later.”
Until later becomes… too late.
The good news?
If you’re reading this now, you’ve still got time.
And done right, super isn’t just about retirement.
It’s one of the simplest ways to:
Pay less tax
Build wealth over time
Feel more secure about your future
I was chatting to a client this week about this exact thing.
Great income.
Saving well.
But hadn’t looked at super all year.
Not because they didn’t care.
Just busy.
Once we ran the numbers, there was a clear opportunity sitting there.
Nothing fancy.
Just using the rules properly.
That’s usually the difference.
Not complexity.
Just action.
So here’s a simple way to think about it.
There are three main buckets when it comes to super contributions.
First — pre-tax (concessional).
This includes your employer super, salary sacrifice, or contributions you claim as a tax deduction.
The cap this year is $30,000.
Second — post-tax (non-concessional).
This is money you add from your own savings.
The cap is $120,000.
And for some people, there’s a bonus.
If your income is under $62,488, the government may chip in as well (co-contribution).
Third — spouse contributions.
You can contribute up to $3,000 into your partner’s super
and potentially receive a tax offset of up to $540.
Simple.
Three buckets.
A few rules.
Big impact over time.
Here’s the part most people miss…
Super is like planting seeds before winter.
If you plant them early enough, they grow quietly in the background.
If you leave it too late…
You miss the season.
One line I always come back to:
“Small decisions, made on time, create big outcomes later.”
So what should you do from here?
If you’re a Wealth Partner Plan client or we’ve worked together recently and you received personal advice, you’ll get a personalised email from us in May with exactly what to do.
We’re already across it.
If we haven’t looked at your situation recently…
Or ever…
And you’re not sure what makes sense this year…
Just Contact us or SMS 0483 937 777 with “SUPER” and we’ll help you figure it out.
No guesswork.
No last-minute stress.
Just a clear plan before the deadline hits.
Because June 30 doesn’t move.
But your results can.
Talk soon.
7Wealth Pty Ltd ABN 44609210246 is a Corporate Authorised Representatives and is authorised throughCobalt AdvisersPty Ltd ABN 64 628 654 099 who is an Australian Financial Services Licensee 512550. 7Wealth Pty Ltd is a Credit Representative ofAustralian Finance GroupLtd ABN 11 066 385 822 (AFG) Australian Credit Licence 389087.
This blog contains information that is general in nature. It does not constitute financial or taxation advice. The information does not take into account your objectives, needs and circumstances. We recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making any investment decision or acting on any of the information contained in this document. Subject to law, Cobalt Advisers Pty Ltd nor their directors, employees or authorised representatives, do not give any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of the information contained in this document.
