If you’re self-employed1, you aren't required to put away super. But, let’s face it, no one else is going to pay for your retirement. So now’s the time to get your super working as hard as you are.
It may not be a priority, especially when you’re starting a new business, but paying yourself super when you’re self-employed has many benefits.
Did you know that your super contributions may be tax deductible? If you’re under 75 years and self-employed or earn less than 10 per cent of your income2 from an employer, you may be able to claim your personal super contributions as a tax deduction. Visit the ATO website or contact us to learn more.
If you’re ready to start making those retirement plans and saving for your future then you can join as a Personal Super Plan member.
Join now or call us on 1300 467 875.
1 As a sole trader or if you are in a partnership.
2 Including, assessable income, your reportable fringe benefits, and your total superannuation contributions