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The beginning of the new financial year is a great time to start thinking about your financial goals. Why not make your super account part of your planning this year?
At Hostplus, we’re committed to helping you grow your super balance so you can achieve the retirement lifestyle you want. There are plenty of simple super boosting strategies that can help you grow your balance. These are some you could put on your new financial year to-do list – some could even help reduce your tax.
If you can afford to, putting extra money into your super on top of your employer’s contributions can work wonders for your retirement savings. You might even be able to claim a tax deduction for your contributions.
The easiest way to make a contribution is via BPAY. Log in to Member Online or use the Hostplus app to get your BPAY details.
If you’re a low-to-middle income earner, you could receive extra money from the government just by contributing to your super. If you’re eligible, the government could contribute 50c for every dollar you contribute to super – up to a maximum of $500.
Contributing to your partner’s super (or vice versa) can be a useful way to boost your combined savings. If you’re eligible, you might also receive a tax rebate up to a maximum of $540.
Ask your employer to pay more into your super from your salary. It’s an easy way to grow your super and potentially pay less tax.
Financial advice isn’t just for later in life. As a Hostplus member you can access personal advice about your investment options, your insurance needs, growing your super balance and more.
Our focus is keeping your money working hard so you can stay financially fit long after you’ve retired. So, get in touch if we can help you now, for your future.