In this guide
Superannuation plays a vital role in helping Australians plan and save for their retirement and while each person has their own super account, their own contribution limits and their own personal caps, couples can benefit from taking a combined approach.
Equalising member balances, coordinating contribution strategies and making joint investment choices should all be considered when developing a couple’s retirement plan and will often assist in maximising combined retirement savings.
Read more about retirement planning for couples or watch our webinar on superannuation considerations for couples.
Why a combined spouse approach works
The Australian superannuation system contains various rules and restrictions on the level of contributions that individuals can make each year, based on their total super balance (TSB), that is, the sum of all balances that you hold in all your superannuation funds.
THIS IS A MEMBERS GUIDE
Get independent super guidance
Rules, fund choices, investing and tax strategies. The key things to understand as you build your super.
- Make sense of complex rules
- Stay up to date
- Make more confident decisions
Leave a Reply
You must be logged in to post a comment.