Strategies to split or share your super balance with your spouse
Wednesday 24 April 2024 at 11:00 am AEST
This webinar will show you how you can move part of your superannuation balance to your spouses account and effectively maintain equal member super balances.
Q: Can you please provide some information on how I can salary sacrifice if I am self employed?
A: If you are operating a company that employs you, the company is obliged to make employer superannuation guarantee payments for you, and you can have the company contribute more than the minimum (11% of salary) employer contribution if you would like to salary sacrifice. If you are self employed without a company structure, then there is no way to salary sacrifice, but you can instead make personal tax-deductible contributions to super which has exactly the same tax outcome.
Learn more about salary sacrifice and personal deductible contributions in the following articles:
Salary sacrifice and super: How does it work?
How do tax-deductible superannuation contributions work?
No one likes to contemplate their own mortality, but it is an essential part of managing your super account. The right beneficiary nomination can ensure your family receives your super and any life insurance held within it in a timely and tax-effective way, avoiding financial hardship and stress at a difficult time.
Read our guide to death benefit nominations.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.
Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.
