![2014 Super Updates… Did you Know??]()
by Jodie | Nov 12, 2014 | Finances, Superannuation
On 1 July 2014 the cap limits for superannuation contributions were increased, allowing you to contribute more into superannuation before penalties are applied.
Concessional contribution caps apply to employers’ compulsory super guarantee contributions, voluntary salary sacrifice contributions and to personal deductible super contributions. The non-concessional cap applies to after-tax contributions.
The increase in caps are designed to assist you to save for their retirement sooner rather than later. The new contribution caps for the 2014-15 financial year are:
Concessional Caps
| $30,000 or |
| $35,000 for people aged at least 50 by 30 June 2015. |
Non-Concessional Caps
| $180,000 per year |
| $540,000 per three consecutive years (under ‘bring forward’ rule) |
Taking advantage of the increase in caps now could benefit you down the track. Adding regular contributions earlier rather than later, combined with compounding returns, could boost your retirement income substantially!
Give us a call now to see if you can take advantage of any of these increases.
![2014 Super Updates… Did you Know??]()
by Jodie | Nov 3, 2014 | Advisers, Finances, Insurance & Protection, Money
Warning, warning, warning, open your calendar now and lock in your insurance reviews!!!
Things have changed in your life. Change is the one big constant in this world. Some change is radical and obvious like loosing a job, or getting a promotion or getting married or having a baby or buying a house or getting a divorce.
Other change can be very covert and kind of creep up on us. Things shift and we don’t really notice. Try fitting into last summers bathers, or check the slow wear on your car tyres or the goals you set last year to stay on track with your life.
Will Rogers wrote, “even if you are on the right track, you’ll get run over if you just sit there.” That is, run over by change if you don’t stay vigilant. Any successful person in their field will confirm that to achieve your goals you need to review them daily so the creeping change that we don’t notice, does not bump you off course.
If something is important to us, we need to make sure we treat it like a priority so that the urgent things in our hectic lives, don’t steal the show. Be vigilant, diarise your priorities and review your goals daily. Protect everything you have worked so hard for and ensure that you have the right insurance to keep you on track.
Be one of the few that work smarter and not harder!
