I'm surprised you didn't mention roll-over concessional contributions given this can represent tens of thousands of dollars of additional concessional contributions for most Aussies. Especially useful if you've had a sudden pay increase or windfall - can make a very large concessional contribution and have a very large tax return. Loved the breakdown, keep up the good work.
10 years ago we started a SMSF a bought a property. Community title townhouse. Last year decided to bite to bullet and take control for ourselves given disappointing return as barely paying CGT. Got access to a very broad range of options now. Went a little heavy on Tesla but giving it a 5 year run way I think will pay off. A portion that we can't afford to lose is in an Ozzy ETF. High risk? I think a certain return of 2-3x from U$215.
The general rule of 66-80% of pre-retirement income comes from not having to pay income tax on drawdowns from a tax free pension account. So I guess a "better" metric would be 100 minus your pre-retirement effective tax rate plus medicare levy. This theoretically results in no change to your income.
In addition to splitting super contributions between partners when one isn't working for whatever reason, if you can stretch to it then there is also spousal contributions.
The super stats are actually skewed low. For example a lot of self employed tradies don’t contribute, a lot of people in industries like hospitality are often paid cash, working women turned stay at home mums. Ditto for all the people who pulled cash out in covid. Sorry the average for super is useless info.
My issue with income insurance etx is it sucks out the profit fro you super gains. i cancelled all of mine 2018 and its been on a good uptick since then. Super insurance policies are a complete scam.
Ooorrr... You can just not use a representative and do any of these newer super options like stockpot or stake where you have an easily done SMSF where you actually own the assets directly in your own name and not pooled with others.
I just don’t trust our politicians. You are right. Share, bond, land certificates and precious metals must have your name on it. They are disgraceful pricks for taxing super.
I'm surprised you didn't mention roll-over concessional contributions given this can represent tens of thousands of dollars of additional concessional contributions for most Aussies. Especially useful if you've had a sudden pay increase or windfall - can make a very large concessional contribution and have a very large tax return. Loved the breakdown, keep up the good work.
10 years ago we started a SMSF a bought a property. Community title townhouse. Last year decided to bite to bullet and take control for ourselves given disappointing return as barely paying CGT.
Got access to a very broad range of options now.
Went a little heavy on Tesla but giving it a 5 year run way I think will pay off. A portion that we can't afford to lose is in an Ozzy ETF.
High risk? I think a certain return of 2-3x from U$215.
The general rule of 66-80% of pre-retirement income comes from not having to pay income tax on drawdowns from a tax free pension account. So I guess a "better" metric would be 100 minus your pre-retirement effective tax rate plus medicare levy. This theoretically results in no change to your income.
In addition to splitting super contributions between partners when one isn't working for whatever reason, if you can stretch to it then there is also spousal contributions.
The super stats are actually skewed low. For example a lot of self employed tradies don’t contribute, a lot of people in industries like hospitality are often paid cash, working women turned stay at home mums. Ditto for all the people who pulled cash out in covid. Sorry the average for super is useless info.
Great show lads
SG tops out to 12% in 2025-2026
It would be good to discuss how much is too much on super insurances
My issue with income insurance etx is it sucks out the profit fro you super gains. i cancelled all of mine 2018 and its been on a good uptick since then. Super insurance policies are a complete scam.
no 12.5%
You should have 0 super. Your loving caring representatives will eventually steal it in the next crash.
Exactly.
Ooorrr... You can just not use a representative and do any of these newer super options like stockpot or stake where you have an easily done SMSF where you actually own the assets directly in your own name and not pooled with others.
Agreed, until they tax super at 50%
I just don’t trust our politicians. You are right. Share, bond, land certificates and precious metals must have your name on it. They are disgraceful pricks for taxing super.