POWERED BY MOMENTUM MEDIA
Health Super releases tax advice
Health Super has released information on tax saving strategies involving superannuation aimed at its members.
Tips were compiled by Health Super's chief operations officer, Carol McKelson-Timmins, who said voluntary super contribution is one of the tax saving strategies most overlooked by members
McKelson-Timmins said voluntary contribution could include salary sacrificing, spousal contributions and co-contributions, but noted many Australians were not aware that they could use their superannuation fund to minimise their tax.
"In general, Australians are not engaged with super at all until they start approaching retirement, and that is too late," McKelson-Timmins said. "We are trying to educate members and get the information out there about tax saving strategies involving super."
She added these strategies do not have equal benefits for all Australians and that members needed to work out which one works best for them.
AUTHOR
Recommended for you
APRA’s latest data has revealed that superannuation funds spent $1.3 billion on advice fees, with the vast majority sent to external financial advisers.
Cbus Super has unveiled Advice Essentials Plus, a new service offering affordable financial advice to both members and their partners.
The fund has launched a new tool to help deliver personalised financial education and digital personal advice to eligible members.
The QAR lead reviewer has told a Senate committee that the government’s demands of super funds conflict with their original purpose.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
