Plansure

Did you find the 2022 Federal Budget all too confusing?

These are some highlights on Superannuation, Taxation and Social Security. They have also announced a temporary reduction of 50% in the fuel excise rate effective immediately until 28/09/2022.
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Have any questions? Have a chat to one of our advisers. Contact us via [email protected] or 1300 752 678 ⁠
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# financialadviser ⁠

What are some top saving habits young people can undertake on a week-to-week basis?

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It's important to know how much you should be putting aside for your retirement depending on your starting age and preferred retirement age.⁠
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For example, assuming a 4% investment return and retirement income of 80% replacement rate:⁠
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- A 25 year old wanting to retire at age 65 should save 15% of their income⁠
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- A 35 year old wanting to retire at age 67 should save 18% of their income⁠
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- A 45 year old wanting to retire at age 67 should save 31% of their income⁠
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Our financial advisers can look at your current situation including how much you have been contributing, what your age is and what the investments in your superannuation are so you can make the best out of your money and ensure you reach your retirement goal.

We love helping our clients make financial decisions and plan for their future, and hearing our clients fantastic feedback is always a great reminder of the positive impact we make on their lives.⁠
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Thanks for the testimonial David ☺️⁠
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“OUR BROKER recommended Plansure to help us out with our finances, and we are so thankful for that. ⁠
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During our first meetings with Cat we went through all our financial issues (a lot of debts and expenses) and set realistic goals in the short, medium and long term. She was so helpful identifying our opportunities for improvement and like a good coach she kept us accountable along the way. ⁠
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With her help since 2016 we’ve managed to set a reasonable family budget, pay all our credit card debts, make some investments, grow our savings and now we’re ready for some property investment as well. She also helped us organising our super funds to make the best out of them. ⁠
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There’s a bit of hard work involved but with her guide and tools be sure you’ll reach your goals. We will be always thankful to Cat and the Plansure team, and will highly recommend them.” David M

From 1st of July 2021 super contributions are increasing.⁠
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So what is changing?⁠
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◾ Super Guarantee, what your employer pays (also referred to as SGC) is increasing from 9.5% to 10%⁠
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◾ The concessional contribution limit is increasing from $25,000 to $27,500 per financial year⁠
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◾ The non-concessional (after tax) contribution limit is increasing from $100,000 to $110,000 per financial year⁠
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This may be a great opportunity for you to increase your super contributions!⁠
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Things to be mindful of…⁠
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◾ If you are making extra contributions (such as salary sacrifice), make sure your total super contributions don't exceed $27,500⁠
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Unsure how to check this or want an overall health check on your super? Have a chat to one of our advisers