(02) 9387 4300 , Level 21, Westfield Tower 2, 101 Grafton Street, Bondi Junction NSW 2022 AUSTRALIA
Boost your retirement savings

Boost your retirement savings

Boost your retirement savings

Pre-retirees can take advantage of a range of strategies to boost their nest egg.

Here are three popular ways to top up your retirement savings:

Maximise contributions

Take advantage of the concessional (pre-tax) and non-concessional (after-tax) contributions by contributing as much as you can afford before reaching the caps. From 1 July 2017,   the annual concessional contributions cap will be $25,000 for all age groups.

Consider spouse contributions

Spouse contributions are super contributions made on behalf of your spouse. Generally, you can claim a tax offset of up to $540 per year if your spouse is a low-income earner or is not working. From 1 July 2017, the spouse’s income threshold will be increased to $40,000 to assist more couples to support each other in saving for retirement.

Keep on working

The longer you work means more time to leave your savings untouched and additional time to contribute to super. Delaying retirement leads to a shorter retirement and hence more savings. You may also consider working part-time to enjoy income while waiting until Age pension age.


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Level 21, Westfield Tower 2, 101 Grafton Street,
Bondi Junction NSW 2022

02 9387 4300

gpapas@oraclepartners.com.au