Superannuation isn’t a word that excites many of us. We know it’s there and that a certain amount of our salary is deposited into it every month. But for the most part, we forget about it. As the new financial year approaches, there are a number of things we can do to ensure we’re getting the most out of our superannuation.
If you’ve worked at multiple companies and have more than one superannuation account, now’s the time to consolidate your accounts into one and stop paying multiple sets of fees.
Another great way to pump up your super before July 1 is to arrange salary sacrificing for the year ahead. By making personal contributions to your superannuation, on top of those contributed by your employer, you’ll be adding to your retirement fund, while potentially paying less tax.