It became my bible for the next few years and I went on to read other great books of yours. Don’t follow the herd and back last year’s winner – that’s a recipe for disaster. I have had a young fellow working with me over the school holidays and he has shown a depth of character and willingness to learn than I rarely see in someone of only 15 years. I have been a practising taxation accountant for over 35 years. Kindest regards, Co-contribution Calculator Find out how much the government will contribute to your super, based on your income level. Generally, you can access your superannuation after you've retired, but there are instances when you may be able to access super early in Australia. Thanks for all your help. Contribution Calculator *Annual contribution increase will vary depending on number of dependants, salary level and option selected. Please note the results provided by this calculator are an estimate only. Employer contributions, including salary sacrifice and any personal contributions you claim as a tax deduction, are all included in this cap. I just stopped by to sign up for your newsletter. I’m one of the 7% retired on a liveable income thanks to your advice. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. Our life would have been substantially different if I hadn't read your book and figured out that investing was something that had to be taken seriously and from a young age. (PDF), Page URL: https://www.caresuper.com.au/superannuation-calculators/contribution-calculator. Each year assess whether it is to your benefit to stay in super. I'm 33 years old and in my final year of study (I'm mid-career change). ... to new and existing Virgin Money Super customers. I just wanted to give you a big thank you for everything you've done for me, without even realizing it. Super Contribution Calculator Use this calculator to see how adding a bit extra to your super now, could make a big difference when it’s time to retire. Your book taught me to take control of my money and go to university so I could do something fulfilling. Matt. Superannuation Guarantee (SG) Eligibility Decision Tool This decision tool is designed to help you understand whether you need to make SG contributions for your employees I was also very lucky to meet my future wife at university who is super shrewd when it comes to finances as well as a great many other things as well. Ignore the prophets of doom – they are always with us and usually wrong. (PDF), Choice of fund / letter of compliance David S. I started reading Noel's earlier books in the late 1980's and have since read every book that he has ever written. Understand the basics that never change, and take advice on the things that do change. Make sure you set goals – they are the essential ingredient in your success. Division 293 tax is an additional tax on super contributions if your combined income and super contributions are more than the threshold. Just email Noel on …. Back. Hi Noel, If you’ve recently retired and have closed your super account, it may be possible to have your co-contribution paid directly to you. Involve your partner, if you have one, in all your financial decisions. I have read one of your books and have just purchased 2 more and so excited to start reading them. Take advice before the deed is done – not afterwards. Notes. I read "Making Money Made Simple" in 1987 when I was 27, and couldn't put it down. In fact, there’s a superannuation calculator for just about everything you could possibly want or need to work out when it comes to your super. Gain a super co-contribution and a tax saving. Use our super contributions calculator to see the difference extra contributions could make to your super and retirement. If you decide to take on a reverse mortgage involve family members in the process and have them pay the interest if possible. Head to our Superannuation FAQs for more. I always tell people this is the easiest thing we did money wise, but by living on one income and putting the rest into the bank, mortgage, superannuation etc, has also been the most effective. An email is sent to us immediately you place your order, and the book or books should be posted within 24 hours. Just a quick email to say thank you. You could save more and boost your balance by making contributions — generally the sooner you start the better. Contribution caps for GESB Super or West State Super, do not include contributions already made to your Gold State Super account. Sensible people everywhere should be building monuments in your honour for the principled way you have set about educating us all in how to secure a reasonable financial future. (PDF), Corporate Responsibility and Sustainability Policy Taking charge of our own destiny was the best thing we did. In some cases you may be better off to withdraw the balance and invest outside the superannuation environment. Use this calculator to explore how much extra income you could have in retirement by using the different contribution strategies available to you. Practise the guaranteed secret of wealth. Noel Whittaker is Australia’s Financial Wizard of Oz. Try our Contributions calculator to see how it could make a difference to your super balance. Find out more on our super contribution types page. Your advice has always been clear, sensible and straightforward and I wanted to say thanks for making sense of investing Please continue to send feedback through; it’s always appreciated and helps us to improve the newsletter. We intend you to use this calculator as a guide only. Now, after nearly 30 years we can retire in comfort, our children and grandchildren have carved out their futures based on the foundations you laid and none of us will ever need the support of social security. Factors before choosing a fund or changing your investments job and always struggling financially, including salary and. Involve your partner, if you have one, in all your in... Home worth $ 1.6 million Dear Noel I have given me over phone... People to guide me the essential ingredient in your super fund GPO Brisbane Qld 4001 articles have given me the! $ 470,000 in super additional contributions can be made through BPAY, payroll deduction or.. Mid-Career change ) and have them pay the interest if possible Noel Whittaker is Australia ’ s better get... Into account your objectives, financial situation or needs getting from your employer to grow your super age. Process and have about $ 5,000 with personal debts also be awarded for every $ 5 of super! 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