I would assume if these contributions took you super over your asset limit, it would reduce your pension by approximately 15% of the extra contributions value anyway. The main benefit would be that any growth would not be directly taxed (as income potentially) but as an asset would continue to impact aged pension. Therefore it would be maximising if your extra contributions kept you just below an amount that impacted the asset test. Thanks for posting these videos. They are very helpful organising finances before retirement.
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Thank you !
A bit confusing but very useful, I like the way you explain without rushing, need to watch over again.
great video, thank you
I would assume if these contributions took you super over your asset limit, it would reduce your pension by approximately 15% of the extra contributions value anyway. The main benefit would be that any growth would not be directly taxed (as income potentially) but as an asset would continue to impact aged pension. Therefore it would be maximising if your extra contributions kept you just below an amount that impacted the asset test. Thanks for posting these videos. They are very helpful organising finances before retirement.