Super strategies for all ages

Superannuation is still one of the most effective financial strategies and the main form of retirement income for most Australians. While there’s no doubt investments and insurance are important when building your wealth, so too is managing your superannuation.

Why are Self-Managed Super Funds (SMSF) so popular?

Generally, it’s because more people are deciding to take greater control over their retirement savings. Many more of us are seeking the flexibility to make our own decisions on how to invest and the ability to quickly change direction when needed. However, that’s not to say an SMSF is definitely appropriate for you. But if you…

* operate a small family business

* enjoy having hands-on control over investment decisions including property

* have your super customised to play a key role in family wealth and estate planning, and

* wish to invest in alternative assets

…then having a discussion about self-managing your super is a great place to begin.


If you’re a member of a couple, you may be able to use certain superannuation strategies to grow your retirement assets or save tax. One particular strategy is called contribution splitting where you can split a portion of your employer super contributions (and personal deductible contributions) with your spouse. Where there is a reasonable age gap between members of the couple, this strategy can provide earlier access to super benefits and tax concessions.

Another thing to consider is a spouse contribution.

If your spouse’s income is within $10,800, you can reduce your tax by up to 18% on the first $3,000 of after-tax income you contribute into their super. This means you get a $540 tax offset on the $3,000 you contribute. This may not sound like much as a one-off, but over time it can grow to a substantial saving. The tax offset decreases as your spouse’s income exceeds $10,800 and cuts off when their income is $13,800 or more.


Building your superannuation balance is most effective when you invest regularly. For example, a growth strategy may be more appropriate for long-term investors when retirement is more than 30 years away, whereas a balanced or conservative strategy may better suit those who prefer lower risk and wish to access their super within 5 years.

Superannuation is one of the most tax-effective schemes available, with contributions and earnings generally taxed at just 15%, and salary sacrifice arrangements are another way you can save tax and increase your savings. You can pay additional contributions of up to $30,000 (including your employer’s 9.5% contribution) from your pre-tax salary or up to $35,000 if you are over 50.

Planning now and making the most of your superannuation savings can help you achieve your wealth goals. Find out how you can super-size your superannuation and contact the team at Liberum Financial today on 3233 6470.

The information provided is general in nature and does not take into account your particular investment objectives, financial situation or insurance needs; we therefore recommend you seek advice tailored to your individual circumstances before making any specific decisions.

Liberum Financial and its advisers are Authorised Representatives of Fortnum Private Wealth Pty Ltd ABN 54 139 889 535 AFSL 357306 Australia Credit Licence No 357306 trading as Fortnum Financial Advisers.

The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only – unless otherwise stated. Liberum Financial strongly suggests that you should not act on it without first obtaining professional advice specific to your circumstances.