Building Your Retirement Fund 2018-01-02T15:42:58+00:00


Superannuation Savings

Superannuation represents one of the key areas you should work on to build your wealth for retirement.

Consider your Investment Strategies in Retirement.

We show you below some of the ideas to be considered that can help to boost your superannuation balances and therefore your retirement income.

Get More From Your Salary Or Bonus

If you are an employee, and are paying high levels of marginal tax, have you thought about salary sacrificing? You could sacrifice part of your pre-tax salary with your employer assisting you with the mechanics or if you receive annual bonuses, before the bonuses are received you can arrange with your employer to deposit this to superannuation. Remember this only works if you’re paying a decent amount of tax each year and your employer, or you, have contributed less than the maximum allowed under the concessional contribution limits.

Make Tax Deductible Super Contributions

If you’re self-employed or don’t work, you won’t get super from an employer – but that doesn’t mean you can’t contribute yourself. And if you do, you may be able to claim your contribution as a tax deduction.  These will count towards your annual concessional contribution limits.

Make After-tax Contributions

If you have investments in your own name, either something you’ve built up yourself or you’ve received as part of an estate distribution, speak to us and we will advise you on contributing this to superannuation and take advantage of the lower taxation environment it offers. It may be that you won’t need to sell the investment as these can often be transferred in species (in other words as is). These types of contributions were called non- concessional contributions and have a limit of their own of $100,000 per annum.

Manage Your Capital Gains Tax Through Super

If you’re planning on selling an asset – say, a property or shares – and you make a capital gain, you might want to consider investing some or all of the sale proceeds into your super.

This way, you may be able to claim some or all of the contribution as a tax deduction to reduce the assessable capital gain and the amount of tax you have to pay.

Get The Government To Chip In

Under certain circumstances with low income earners the government will chip in up to $500 to your superannuation.

Boost Your Partner’s Super – And Reduce Your Tax

If your spouse is a low income earner consider making an after-tax contribution into their super account. Not only will they have a bit more cash put away for life after work, but you may receive a generous tax offset of up to $540.


  • Members of Chartered Accountants ANZ and Financial Advisors
  • 30+ years in financial services, commercial and public practice
  • Licensed for Taxation, Audit and Authorised to provide Financial Advice
  • Authorised to provide Personal Financial Advice with appropriate taxation advice and guidance
  • Extensive experience with large and small business, family trusts, partnerships, SMSF’s, deceased estates and business restructuring
  • Specialise in self-managed super funds and provide accounting & tax, financial advice and audit services
  • Asset Management and Investment Advice
  • Personal Risk Insurance

  • Deposit Products
  • Managed Investments including Unit Trusts, Investment Bonds, Direct Shares, Property Trusts, Growth Funds, Balanced Funds, Indexed Funds and Cash Management Accounts
  • Share Market Investments
  • Tax Effective Investments
  • Superannuation, including Allocated Pensions, Rollovers, Personal Superannuation, Company Superannuation and Self Managed Superannuation Funds
  • Retirement Planning including aged care and estate planning
  • Life Insurance Products, including Annuities, Term Insurance, Income Protection, Trauma and Total and Permanent Disability Insurance
  • Investment Bonds
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North Financial Planning for tax-effective investment strategies

Paying taxes is an important legal requirement but by investing tax efficiently you can aim to make the most of your available tax allowances and incentives. Speak to us how.
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