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Great video! Another great reason for making extra contributions in Australia is that you can use up to $50,000 of your voluntary contributions to use as a house deposit.
So that's basically like you're putting your money away into an account? Except if you're using a high risk high return strategy, you will probably end up losing your superannuation money? Correct?
Don't you need to put away $50,000 into super in the first place to get the $50,000 out? Also, don't you get taxed when you get your money out from super?
Getting your superannuation boosted young reaps better benefits than boosting when you're older. Salary sacrifice makes even more sense if it drops you into a lower tax bracket.
Those are some good points. You money will have more time to compound if you do it earlier. Plus, the more time you can afford to give your investments, the better it will be to combat market fluctuation. Dropping into a lower tax bracket is a double win!
The good news is you live in the state with the best beaches. Perhaps retirement in City Beach is in order for the future? 😃 Ps. Heaps more motivational videos coming!
I can see the excel but something seems off. How does salary sacrificing $5000 lead to more take home pay? that doesn't seem right. you'd be taking more pay home because that $5000 although taxed would allow you to have take home pay?
Yeah, I get what your saying. I count the $5000 as take home because you still get to invest and save tax on it. But I should have been clearer about that.
Hey Bryan, great video as always! Would you be able to do a video on how to buy a car the financially savvy way, what should we use as leverage, loan vs cash, novated lease, etc etc. Much appreciated!
Salary sacrifice sounds good on paper but not all of the money being sacrificed goes into super, there is a bit of a loss/tax that is applied which offsets any tax saving you may have expected to receive. I think you may be better off putting the amount you were going to salary sacrifice into a high interest online savings account or investing in other ways outside of super. That way, you don't need to wait till you reach retirement age to access your money.
Just discovered your channel and loving it. How do the uninitiated go about comparing retail super funds? Specifically, those of us who are early career and don’t yet have a balance substantial enough to justify a financial planner. What do we look for to compare apples with apples while our super builds to a reasonable balance?
Thanks Nicole! If you’re just entering the work force, just go for a super with low fees and a good history. Ultimately, the performances of the big ones would be similar, it just comes down to fees. Also, have a look at what type of insurance they are offering you and how much.
This video makes me want to walk at the beach. When do you recommend starting to contribute extra? I’m only a few years into my first full time job. I still feel too poor to make extra payments 😂
BEACH. Retiring early is the dream but will continue to contribute more into super for now. I always thought we can only access super at retirement age. What are the criterias to access them at 'preservation age'?
Great question. It would have to be an exceptional circumstance such as terminal illness, permanent disability, or severe financial hardship. Trust me, you don’t want to be in a position to ‘qualify’ to access super early. Check out this article for more info: moneysmart.gov.au/how-super-works/getting-your-super
Ive been adding extra to my super the past 2 years, thinking of making it bigger contribution mext year. Hoping to retire early in the Philippines with my pinay wife, have a bungalow close to the BEACH
Great video Im 48, with super, and 2 x etfs, im not adding more to my standard 11% as i want the flexibility to cash out of my home and upgrade home down the track if need be
Hi Bryan, great channel and content you have. Congrats! Quick question, My wife and I are 55 and plan to retire self funded from our super at 60. Current balances at $750k and $500k. We have considered commencing an investment into ETF's via a platform like Pearler etc. Or should we put the extra money into our super for the next 5 years. I don't need liquidity being so close to preservation age. Looking at investing $20k per year over the next 5 years. What would you do hypothetically? We both already max out our concessional at $27,500pa too.
Not financial advice but if it was me, I'd continue to make non-concessional contributions into super. Especially if I don't need the liquidity until preservation age. I don't see much advantage investing outside of super (besides being able to access the money immediately). There is more tax advantage in super for basically investing into the same thing. Check out this article on the benefits of non-concessional contributions: www.superguide.com.au/how-super-works/non-concessional-super-contributions Good luck mate! And happy 'almost retirement'. 🍻
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@ЕленаФирсова-ц6м Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*
Hi - great video - but just ran the figures on my replica spreadsheet, and his 'take home pay' should be $55383, not $59,633, $4250 less...am I missing something? He saved $750 in tax, but he isn't taking home more, he's taking home less each week, but Super is growing.
Hey mate, thanks for pointing that out. You’re right. That tab shouldn’t be called ‘total take home pay’. I used the AMP salary sacrifice calculator to create this which uses this title. Their formula does not deduct the salary contribution and tax but actually adds it to the total which is a confusing way to present the information. I should have added more lines to show the tax on the contribution outside of super. However the final figure is correct. Jimmy does save $975 if he salary sacrifices $5k per year. Here’s the calculator if you’re interested in re-calculating the numbers. It will make more sense. www.amp.com.au/calculators/sal_sac_calculator/salary_sacrifice.htm#Top0
Wow this was pretty confusing. I was stuck with the numbers as well as it didn't make sense. I believe it should be clearer that if "Jimmy ALREADY wanted to contribute $5000 into his Super, he would save $975 if he did it with pre-tax pay aka salary sacrifice as compared to with post tax pay". I actually assumed that Jimmy would have more 'take home pay' which isn't true at all. Loving the videos but he way. Beach
@@DevinLoong Hey Devin, yeah my bad. I should have changed the 'take home pay' part. It's a confusing title but hopefully everyone eventually understands that I'm assuming Jimmy wants to invest the $5,000 regardless if its inside or outside Super. Thanks for watching!
When do you plan to retire? If it''s at the normal preservation age then you can't beat the tax savings on Super. If it's earlier then you could do a combination of both.
Hi Bryan. I enjoy the content. Keep up the good work. Something isnt right with that super self contribution calculator from amp. Every calculator ive used other than that one has me tsking home less money after salary sacrificing. I do see the benefits tax wise though.
No, you can let your payroll or Super know and it should be applied automatically from your pre-taxed salary. I believe notice of intent is only for after tax (non-concessional) contributions.
@@BryanInvest thanks for the content! I have $70k of carry-forward contributions that I want to leverage, friend of a friend said I needed to register intent so thanks for clarifying
It would have to an exceptional circumstance like you get a terminal illness, become fully disabled, sever financial hardship, or on compassionate grounds because something bad happened to you. Trust me, you don't want to 'qualify' to access your super early.
Great point mate. Yes, the government will co-contribute if you meet certain thresholds. Here is an article if anyone else wants to learn more: www.ato.gov.au/Individuals/Super/Growing-and-keeping-track-of-your-super/How-to-save-more-in-your-super/Government-super-contributions/Super-co-contribution/#:~:text=If%20you're%20a%20low,and%20how%20much%20you%20contribute.
Thank you for the information, such a great video Bryan. However, I have a question. Which way gains interest more, is salary sacrifice or spend the same amount of money on ETF? Thanks
Thank you, Wei. If you salary sacrifice, normally your super is investing in ETFs that are similar to what you would invest outside of Super. So since you save more tax on Super, it will 'gain you more interest'.
Including employers contributions. You can ask your payroll officer to increase by more but please be aware there is a $27,500 per year concessional contribution limit, after which you won’t get the full tax benefit.
Yes, you can. There’s usually some pre made portfolios that you can choose how risky you want them to be. The default option is usually a large percentage in Aussie shares and some international shares/property/bonds. You can also elect to choose your own investments through a self managed super fund (SMSF) but it will have higher fees. Check out this article from the ATO: www.ato.gov.au/Super/Self-managed-super-funds/
I like Bitcoin but I would not recommend anyone to invest in it unless they knew what it is. I personally believe it will be very valuable one day but if you don’t have a high conviction like me, you will likely panic sell it during the next recession/crypto winter.
Hi Bryan How does it work for people who earn through ABN. I need to pay my tax rate on all earnings. I would need to put money into my super myself but because that money is liable to be taxed at my tax rate how would I get the benefits of paying 15 percent an SS? BEACH
Hey David, are you already paying yourself super? If yes, then just let your super fund know you want to make extra concessional contributions and they should send you a form/instructions. Just do the maths so you know when you hit the max $27,500 limit. If no, then I would highly recommend you start paying yourself at least 10.5% in super. You may want to talk to a tax accountant first on how to properly structure your business so you save as much tax as possible.
In theory, yes. If you were going to use that 15% to invest outside of super + willing to wait until retirement age to access your money, then it's a no brainer. The biggest downside of salary sacrifice is that the money you invest/save is only accessible when you retire at preservation age.
In your example, wouldn't the total tax home pay be less than if you didn't salary sacrifice since you've sacrificed $5000 into super and won't see that money?
Yeah … the numbers don’t quite add up right. Your take home pay is actually $55,383. But your total including your super contribution (which can’t really be called take home pay because you can’t spend it till you’re 60) is $59633. (Just with an enforced savings of $4250 after tax) So you’re better in the long run but you don’t get more take home pay by salary sacrificing into super
I’ve stopped working in corporate since last 6 months but I want to invest my super balance for long term. Can I invest my whole amount on AUSUPER ? Any pros and cons please
Another great Vid Bryan 👍🏽 I’m currently cruising around the Greek islands. So many beautiful BEACHes here. Anyway enough about my boring story😂 😄 If one would accrue approx $50-60K annually through passive income (and doesn’t work) is it still a reasonable idea to withdraw $27,500 from investment accounts to contribute into their super? (Allowing for the fact to wait over 12 months to withdraw those funds to prevent CGT each year)
Wow, that's awesome! Have a cocktail for me 🇬🇷🍹 That is actually a really good and unique question. If it were me, I may consider just keeping the current investment outside of super unless I'm selling something volatile to contribute into super. Look at it this way, if the investment I'm selling outside of super is similar to what my super will be investing in then it doesn't really make sense to sell just to then reinvest, since I would be paying CGT to do so. The whole point of salary sacrifice is to save tax on pre-taxed salary. Hope this made sense.
Why is your comment section so full of spam? I've been enjoying your videos, but this one was to fast paced for me to keep up with. I'll try watching it again.
![Superannuation Tax Changes at Age 60: What You Need To Know [Australia]](http://i.ytimg.com/vi/h7F7Fc_ZpnE/mqdefault.jpg)
![Superannuation Tax Changes at Age 60: What You Need To Know [Australia]](/img/tr.png)
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Thanks Bryan
Great video! Another great reason for making extra contributions in Australia is that you can use up to $50,000 of your voluntary contributions to use as a house deposit.
Thanks for watching and good point! 👍
Do a video on this
So that's basically like you're putting your money away into an account? Except if you're using a high risk high return strategy, you will probably end up losing your superannuation money? Correct?
Don't you need to put away $50,000 into super in the first place to get the $50,000 out? Also, don't you get taxed when you get your money out from super?
Getting your superannuation boosted young reaps better benefits than boosting when you're older.
Salary sacrifice makes even more sense if it drops you into a lower tax bracket.
Those are some good points. You money will have more time to compound if you do it earlier. Plus, the more time you can afford to give your investments, the better it will be to combat market fluctuation. Dropping into a lower tax bracket is a double win!
No beach anywhere near me in Armadale. I may need some good video motivation in the near future Bryan. Bring on more.
The good news is you live in the state with the best beaches. Perhaps retirement in City Beach is in order for the future? 😃
Ps. Heaps more motivational videos coming!
I always look forward to your videos mate. Keep it up and cheers for the beach video...
Thank you Morgan. Much appreciated mate 👊
I can see the excel but something seems off. How does salary sacrificing $5000 lead to more take home pay? that doesn't seem right. you'd be taking more pay home because that $5000 although taxed would allow you to have take home pay?
Yeah, I get what your saying. I count the $5000 as take home because you still get to invest and save tax on it. But I should have been clearer about that.
Great video Bryan! Can you do a video about HECS and the high indexation that's just about to happen?
Great idea. I’ll add it to the list! 👍
Hey Bryan, great video as always! Would you be able to do a video on how to buy a car the financially savvy way, what should we use as leverage, loan vs cash, novated lease, etc etc. Much appreciated!
Great idea. I’ll put that on my list :)
Salary sacrifice sounds good on paper but not all of the money being sacrificed goes into super, there is a bit of a loss/tax that is applied which offsets any tax saving you may have expected to receive. I think you may be better off putting the amount you were going to salary sacrifice into a high interest online savings account or investing in other ways outside of super. That way, you don't need to wait till you reach retirement age to access your money.
Just discovered your channel and loving it. How do the uninitiated go about comparing retail super funds? Specifically, those of us who are early career and don’t yet have a balance substantial enough to justify a financial planner. What do we look for to compare apples with apples while our super builds to a reasonable balance?
Thanks Nicole! If you’re just entering the work force, just go for a super with low fees and a good history. Ultimately, the performances of the big ones would be similar, it just comes down to fees. Also, have a look at what type of insurance they are offering you and how much.
Great videos bro. I love the beach.
And the beach loves you bro 🏖
Thank you for the speed and the depth of the information ❤
Cheers mate! 💙
I've made no extra contributions this year. Can I quickly dump in my entire next pay cheque before June 30?
It should be fine as long as you don’t exceed $27,500 including Super already paid to this financial year. Have a chat to your payroll officer.
This video makes me want to walk at the beach. When do you recommend starting to contribute extra? I’m only a few years into my first full time job. I still feel too poor to make extra payments 😂
Just put in what you are comfortable with. Just remember to set up an emergency fund and pay off all high interest debt first. Good luck! 👊
Great video as always, please continue making these informative videos more regularly. (BEACH) cheers mate
Thanks mate. Many more videos to come! 👍
BEACH. Retiring early is the dream but will continue to contribute more into super for now. I always thought we can only access super at retirement age. What are the criterias to access them at 'preservation age'?
Great question. It would have to be an exceptional circumstance such as terminal illness, permanent disability, or severe financial hardship. Trust me, you don’t want to be in a position to ‘qualify’ to access super early.
Check out this article for more info:
moneysmart.gov.au/how-super-works/getting-your-super
Ive been adding extra to my super the past 2 years, thinking of making it bigger contribution mext year. Hoping to retire early in the Philippines with my pinay wife, have a bungalow close to the BEACH
That sounds wonderful Dav! The best of both worlds. Good luck to you. Hope your beach has nice warm blue waters 🌊🍹
Great video
Im 48, with super, and 2 x etfs, im not adding more to my standard 11% as i want the flexibility to cash out of my home and upgrade home down the track if need be
Absolutely mate. I feel you. I also plan to retire earlier and work for causes that I believe in 👊
Hi Bryan, great channel and content you have. Congrats! Quick question, My wife and I are 55 and plan to retire self funded from our super at 60. Current balances at $750k and $500k. We have considered commencing an investment into ETF's via a platform like Pearler etc. Or should we put the extra money into our super for the next 5 years. I don't need liquidity being so close to preservation age. Looking at investing $20k per year over the next 5 years. What would you do hypothetically? We both already max out our concessional at $27,500pa too.
Not financial advice but if it was me, I'd continue to make non-concessional contributions into super. Especially if I don't need the liquidity until preservation age. I don't see much advantage investing outside of super (besides being able to access the money immediately). There is more tax advantage in super for basically investing into the same thing. Check out this article on the benefits of non-concessional contributions: www.superguide.com.au/how-super-works/non-concessional-super-contributions
Good luck mate! And happy 'almost retirement'. 🍻
Hey mate, can we get an access to that spreadsheet you used to show an example? or are there any calculators to show the tax benefits? thank you
Hey mate, you can use the calculator on this website: www.amp.com.au/calculators/sal_sac_calculator/salary_sacrifice.htm#Top0
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@ЕленаФирсова-ц6м Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*
@@BotheGhita Oh please I’d love that. Thanks!
@@ЕленаФирсова-ц6м *MARGARET MOLLI ALVEY*
Lookup with her name on the webpage.
Hi - great video - but just ran the figures on my replica spreadsheet, and his 'take home pay' should be $55383, not $59,633, $4250 less...am I missing something? He saved $750 in tax, but he isn't taking home more, he's taking home less each week, but Super is growing.
Hey mate, thanks for pointing that out. You’re right. That tab shouldn’t be called ‘total take home pay’. I used the AMP salary sacrifice calculator to create this which uses this title. Their formula does not deduct the salary contribution and tax but actually adds it to the total which is a confusing way to present the information. I should have added more lines to show the tax on the contribution outside of super. However the final figure is correct. Jimmy does save $975 if he salary sacrifices $5k per year.
Here’s the calculator if you’re interested in re-calculating the numbers. It will make more sense.
www.amp.com.au/calculators/sal_sac_calculator/salary_sacrifice.htm#Top0
Wow this was pretty confusing. I was stuck with the numbers as well as it didn't make sense. I believe it should be clearer that if "Jimmy ALREADY wanted to contribute $5000 into his Super, he would save $975 if he did it with pre-tax pay aka salary sacrifice as compared to with post tax pay". I actually assumed that Jimmy would have more 'take home pay' which isn't true at all.
Loving the videos but he way. Beach
@@DevinLoong Hey Devin, yeah my bad. I should have changed the 'take home pay' part. It's a confusing title but hopefully everyone eventually understands that I'm assuming Jimmy wants to invest the $5,000 regardless if its inside or outside Super. Thanks for watching!
Whats the best approach for someone planning to retire to SE Asia? Malaysia for example? Just leave super as is and put more into dividend stocks?
When do you plan to retire? If it''s at the normal preservation age then you can't beat the tax savings on Super. If it's earlier then you could do a combination of both.
@@BryanInvest normal preservation age....heaps of time left.
@@sidjyothi oh well then load that Super! (not financial advice) 😊
Hi Bryan. I enjoy the content. Keep up the good work. Something isnt right with that super self contribution calculator from amp. Every calculator ive used other than that one has me tsking home less money after salary sacrificing. I do see the benefits tax wise though.
BEACH......Mate Can you please make a video on salary packaging or Novated leasing. Heard is there is a new law cameup about FBT.
Thanks
I’ll put it on the list!
Great video! Do you have to declare intent to make concessional contributions and take advantage of the 15% tax rate? beach
No, you can let your payroll or Super know and it should be applied automatically from your pre-taxed salary. I believe notice of intent is only for after tax (non-concessional) contributions.
@@BryanInvest thanks for the content! I have $70k of carry-forward contributions that I want to leverage, friend of a friend said I needed to register intent so thanks for clarifying
Would you reccomend starting investing completely new (only small amounts) before going overseas for half a year?
You can invest at anytime. On this channel, I’m a huge proponent of long term investing so going overseas for half a year is irrelevant.
@@BryanInvest Thanks, bryan!
@@BryanInvest what are the returns i can potentially make, when lets say I invest 500-1k in ETFs for example?roughly of course.
Is there a way to get super before preservation age?
It would have to an exceptional circumstance like you get a terminal illness, become fully disabled, sever financial hardship, or on compassionate grounds because something bad happened to you. Trust me, you don't want to 'qualify' to access your super early.
Also, the government would give you up to $1,000 a year if you make non consessional contributions (after tax contributions).
Great point mate. Yes, the government will co-contribute if you meet certain thresholds.
Here is an article if anyone else wants to learn more:
www.ato.gov.au/Individuals/Super/Growing-and-keeping-track-of-your-super/How-to-save-more-in-your-super/Government-super-contributions/Super-co-contribution/#:~:text=If%20you're%20a%20low,and%20how%20much%20you%20contribute.
Great video, can u also make a video on which superannuation account to choose, or how to choose them. It will really help.
Thank you for the information, such a great video Bryan. However, I have a question. Which way gains interest more, is salary sacrifice or spend the same amount of money on ETF? Thanks
Thank you, Wei. If you salary sacrifice, normally your super is investing in ETFs that are similar to what you would invest outside of Super. So since you save more tax on Super, it will 'gain you more interest'.
@@BryanInvest Thank you Bryan
very good video thank you
Thanks. I appreciate it 😊
Do you mean %15 of you gross excluding the employers contributing or 15% including the employers contributions (11% + 4% of gross)
Including employers contributions. You can ask your payroll officer to increase by more but please be aware there is a $27,500 per year concessional contribution limit, after which you won’t get the full tax benefit.
Hey mate, love your content! How about Salary Packaging if the employer is Non for profit? Can we still salary sacrifice ontop?
can we choose what we invest inside super?
Yes, you can. There’s usually some pre made portfolios that you can choose how risky you want them to be. The default option is usually a large percentage in Aussie shares and some international shares/property/bonds.
You can also elect to choose your own investments through a self managed super fund (SMSF) but it will have higher fees.
Check out this article from the ATO:
www.ato.gov.au/Super/Self-managed-super-funds/
Why do super calculators show lower returns over time then? Is it the fees?
Bit late, but what if you are on minimum-wage and part-time with an annual salary below 18k like many students, is super contributions still worth it?
Hi Bryan
Do you think investing in BTC is a good idea now in Australia or not?
I like Bitcoin but I would not recommend anyone to invest in it unless they knew what it is. I personally believe it will be very valuable one day but if you don’t have a high conviction like me, you will likely panic sell it during the next recession/crypto winter.
Great videos, but how come you don't like blinking?
I like to stare into your soul when talking 👀
@@BryanInvest I thought so
Also, can you talk to private health insurance? Love your videos BEACH
Sure, I’ll put it on the list 👍
Beach. Nice man. Thanks for vid
I actually enjoy my job a lot so will consider making extra payments. Can you make a video about the best super options out there? (BEACH 🏖)
That’s wonderful to hear Wendy. I’ll definitely be making a video about that soon! 👍
beach man. I need to know more about super. Also I need to know more about investing in AI.
beach! also super contributions are now capped at $30k :)
Yes! That's a nice little increase.
Thanks Bryan. Would sure love to retire early on the beach one day! 🏝💃
That would be awesome! 👍
Hi Bryan
How does it work for people who earn through ABN.
I need to pay my tax rate on all earnings.
I would need to put money into my super myself but because that money is liable to be taxed at my tax rate how would I get the benefits of paying 15 percent an SS?
BEACH
Hey David, are you already paying yourself super? If yes, then just let your super fund know you want to make extra concessional contributions and they should send you a form/instructions. Just do the maths so you know when you hit the max $27,500 limit.
If no, then I would highly recommend you start paying yourself at least 10.5% in super. You may want to talk to a tax accountant first on how to properly structure your business so you save as much tax as possible.
Would really love to retire on the beach..
I think we all would 😍
thank you for sharing Bryan, Beach
Cheers Shirley 🏖️
Where’s Tasmania on your pic of Australia 😡😡😡
Oh dear Kerry, you’re right! I’ve fixed it now. Apologies. Love Tasmania 💛
So wait. If you get paid 85k it’s a non brainer to contribute 15% to super as I’ll get more in the month?
In theory, yes. If you were going to use that 15% to invest outside of super + willing to wait until retirement age to access your money, then it's a no brainer. The biggest downside of salary sacrifice is that the money you invest/save is only accessible when you retire at preservation age.
Thank you; I always enjoy your content!
Thanks for watching. Appreciate it 😊
Love your work mate . Beach
Thanks mate!
In your example, wouldn't the total tax home pay be less than if you didn't salary sacrifice since you've sacrificed $5000 into super and won't see that money?
Yeah … the numbers don’t quite add up right. Your take home pay is actually $55,383.
But your total including your super contribution (which can’t really be called take home pay because you can’t spend it till you’re 60) is $59633. (Just with an enforced savings of $4250 after tax)
So you’re better in the long run but you don’t get more take home pay by salary sacrificing into super
good video
Thanks!
I’ve stopped working in corporate since last 6 months but I want to invest my super balance for long term.
Can I invest my whole amount on AUSUPER ?
Any pros and cons please
Beach, thanks dude, great video
Thanks mate 🙌
I just dont feel like I can trust the government not to tamper with it, so I dont invest any extra in super.
Haha, that is a fair point. The retirement age seems to get higher every year. Maybe it’ll be 90 when it’s my turn 👴🏻
Does this video consider inflation or housing crisis?
No, if I did then I would have to include many other variables too.
Great video, really answered my current questions. Beach 🏖️
Awesome! All the best 👊
Us fifo workers get ripped off on super badly. Work an 80hr week and get super on 40hrs of it
Thanks for the BEACHY content 😊
You're welcome! 🏖
Thanks Beach
To have enough money go retire on the beach would be fantastic...
That’s the dream mate 😎🏖️
Am i too late to the beach trip?
No, you are just on time my friend 👊🏖️
Beach good vid
Thanks mate 🏖️
@Brayan You are speaking too fast 😅
Beach 🌴
☀️
Yes, Yes and Yes!
🙌🙌🙌
Beach! 🏖️☀️
See you there! 🌊
Beach
Best way to stimulate the Al Gore Ithm
I appreciate you mate 👊
Another great Vid Bryan 👍🏽
I’m currently cruising around the Greek islands. So many beautiful BEACHes here. Anyway enough about my boring story😂 😄
If one would accrue approx $50-60K annually through passive income (and doesn’t work) is it still a reasonable idea to withdraw $27,500 from investment accounts to contribute into their super?
(Allowing for the fact to wait over 12 months to withdraw those funds to prevent CGT each year)
Wow, that's awesome! Have a cocktail for me 🇬🇷🍹
That is actually a really good and unique question. If it were me, I may consider just keeping the current investment outside of super unless I'm selling something volatile to contribute into super. Look at it this way, if the investment I'm selling outside of super is similar to what my super will be investing in then it doesn't really make sense to sell just to then reinvest, since I would be paying CGT to do so. The whole point of salary sacrifice is to save tax on pre-taxed salary. Hope this made sense.
beach 🌞☀
🙂🏖
Why is your comment section so full of spam? I've been enjoying your videos, but this one was to fast paced for me to keep up with. I'll try watching it again.
Thanks mate. Sorry about the spam. Unfortunately, these fake accounts love to invade finance TH-camrs. I'm trying my best to delete them all.
Thank you for the great explanation but speak little too fast to get my head around😅
Thank you! I'll try to speak slower 🤣
One day we will all Celebrate together at the beach 🏖🍻
See you there Peter 😎☀️
Beach!
🏖️🍹
Beach!
Beach ⛱️ thank you ❤
Beach 🙏🏾
Beach❤
💛🏖️
Beach. Exactly where I’d rather be today 😅
Absolutely. You and me both mate 🏖️
Beach
🏝️
Beach mate
Appreciate it sir 👊
Way too fast speaking
Beach ⛱️🩴
This guy knows! 🏝️
Beach
🏖
I went to the beach. 😁
In winter?? That’s commitment right there 😉
Beach!😁💖
Yeah! 🏖
Beach 🏖️
Cheers Michelle 👍
Beach🎉
Great video , but , Talk slower man,
Thanks man ✊ working on the talking slow part!
Beach
🏖️
Great videos, Don’t talk so fast though
Beach
Beach
👍👍
Bro uploaded it on 2x 😂😂
#beach
🏖
Beached bri!
🌊
Beach :)
Cheers Rod. See you there 🏖
Too fast 🗣️ - like a horse race commentator ... 🔊 .... 😂🐎
Slow it down in settings ✌🏼