Can super splitting help you retire and pay off debt sooner?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 1 July 2022. There’s a number of new things that come into effect from today including: (1) Super guarantee contributions (employer contributions) increasing from 10% to 10.5%, (2) Downsizer rule changes, (3) More people to access the Seniors Card and (4) Removal of the work test that prohibited people making voluntary contributions to super. They also start the show by talking about the lucky person who won $60 million in Powerball. What would you do with it if you won it?
This week’s topic is: How super splitting works. Luke notes that super splitting is probably one of the most under utilised financial planning strategies, yet it can make one of the biggest differences to your retirement planning.
Key topics covered include:
– What is super splitting?
– Why is super splitting an effective strategy?
– What kinds of contributions can you split?
– Is this something couples need to do every year?
– Why and how would you do it?
– Luke offers his key issues to consider before making the decision to split super
Listen to the Podcast right now
Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’
Do you need advice around how super splitting works?
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, and retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast.
We look forward to your company again.