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Providing for your lifestyle after work just got easierFind out how you can still enjoy today while providing for your lifestyle after work.Have you ever asked yourself the question, how much is enough? Well some experts believe, that in order to adequately provide for your lifestyle after work you should be putting aside 15% of your income each year for 25 years prior to finishing full time work. For most of us, this means making additional contributions to our super on top of the 9% our employer normally contributes. The good news is that providing for your lifestyle after work doesn’t necessarily mean compromising on your lifestyle today. In fact, you could be eligible for substantial taxation or financial benefits by contributing even a little extra to your super today. Are you earning more than $58,980 p.a.? If this applies to you, then contributing to your super from your before–tax salary (otherwise known as salary sacrifice), could reduce your taxable income by the amount you contribute and your contributions will only be taxed at 15%. Talk to your payroll or HR department today to find out if you are able to.
By taking advantage of this benefit, you could be providing for your lifestyle after work without making a huge difference to the amount of income you take home. Are you earning less than $58,980 p.a.? If this applies to you, then making an after-tax contribution towards your super means you could be eligible to receive up to $1,500 per year towards your super as a government co-contribution, depending on the amount you contribute and your income. You can choose to make a lump sum payment or smaller regular payments to fit within your budget. Even $1,000 per year, which equates to the cost of one cup of coffee a day, can dramatically affect your super savings. Need More Info? Example: Greg is 25 and earns a salary of $35,980. He decides to bring his lunch to work twice a week. If he added the savings of $1,000 per year (after-tax) into his super, not only is Greg eligible for an $1,100 bonus co-contribution from the government, but after 14 years he’ll have an extra $50,256 in his account. Compare your options online? Our Contribution Optimizer online calculator can help you investigate how making contributions to super, before-tax and after-tax, can affect your take-home pay and your net contribution to super.
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Achieve is issued by Russell Investment Management Limited (‘RIM’), ABN 53 068 338 974, AFSL 247185. Achieve provides general information only and does not have regard to your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation and needs. The information has been compiled from sources considered to be reliable, but is not guaranteed. Past performance is not a reliable indicator of future performance. Total Risk Management Pty Limited ABN 62 008 644 353, AFSL 238790, RSE L0000260 (‘TRM’) is the trustee of the Russell SuperSolution Master Trust (‘Russell SuperSolution’) and the issuer of the Product Disclosure Statement (‘PDS’) for Russell SuperSolution. Any potential investor should consider the latest PDS in deciding whether to acquire, or to continue to hold, an investment in Russell SuperSolution. The PDS is currently available by visiting www.russell.com.au or by phoning 1800 555 667. RIM and TRM are part of the Russell Investment Group (‘Russell’). Russell or its associates, officers or employees may have interests in the financial products referred to in this magazine by acting in various roles including broker or adviser, and may receive fees, brokerage or commissions for acting in these capacities. In addition, Russell or its associates, officers or employees may buy or sell the financial products as principal or agent. You may contact Russell on (02) 9229 5111. RUSSELL ‘SUPER IQ’ PROMOTION – TERMS & CONDITIONS, 1. Information on how to enter and prizes forms part of these conditions of entry. Entry into the competition constitutes acceptance of these terms and conditions. 2. The Promoter is Russell Investment Management Ltd (ABN 53 068 338 974) of Level 17, 19-29 Martin Place, Sydney NSW 2000. 3. Entry is open to Australian residents who are over the age of 18 and who are members of Russell SuperSolution during the promotion period and at the time of the draw. Employees of the Promoter (and their immediate families) and its agencies associated with this promotion are ineligible to enter. 4. The promotion commences at 5.00pm on 12 September 2007 and closes at 5.00pm on 12 November 2007 (“Promotion Period”). 5. To enter the promotion, entrants must complete and submit the Super IQ online quiz at www.russell.com.au/achieve/superIQ to be eligible for the competition. On completion of the quiz, they must then complete and submit the online entry form to enter the competition. There is a limit of one entry per person. 6. The draw will take place at 2pm on 16 November 2007 at 15 Grosvenor Street, Neutral Bay NSW 2089. The results of the draw are final and no correspondence will be entered into. The winners will be notified in writing, and their names will be published in The Australian newspaper on 23 November 2007. 7. There will be one draw and five prize winers. The first five eligible entries drawn from all entries received will win a $1,000 contribution to the winner’s superanuation account. The maximum retail value of each prize is $1,000. Total prizepool value is $5,000. 8. Authorised under NSW Permit No. LTPS/07/24410, ACT TP07/03366 & SA Licence No. T07/3537. 9. The complete set of the Terms & Conditions Russell ‘Super IQ’ Promotion can be found at www.russell.com/achieve/superIQ/terms. Entry is conditional upon reading and accepting these Terms & Conditions. SS_Achieve_0708 |
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