Tax Effective Strategies

To encourage Australians to save for retirement, the government provides various incentives such as tax concessions on contributions to super and on investment earnings within super. Some examples include the Government co-contribution, salary sacrifice tax deductions, and tax offsets for spouse contributions.

The Government also allows Australians aged 60 and over to take their superannuation benefits tax-free, whether they take it as a lump sum or as an income stream.

These tax advantages help you to maximise your total superannuation and are likely to help your money grow faster than it would in non-super investment vehicles.

Come and talk to our dedicated team at Focus Partners Financial Services in Albury to identify strategies to help you maximise your tax benefits.

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