Should You Invest More Into Your Super In 2024? (Salary Sacrifice)

Should you salary sacrifice into your super?
In this video, I’m going to provide the pros and cons of making extra payments into your super which will hopefully help you make the right decision.

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🚨 Disclaimer:
Although I have a Finance degree, I am not a financial advisor, and my comments are for entertainment purposes only. It does not take into account your objectives, financial situation or needs. Please perform your own due diligence when investing your money or seek the advice of a licensed advisor.

#australiansuper #salarysacrifice #investingforbeginners

⏰ TIMESTAMPS
0:00 - Intro
0:11 - Advantage of salary sacrificing
1:36 - Example of of how salary sacrificing works
3:04 - Contribution limits
3:27- Why not just invest outside of super?
4:41 - Disadvantage of salary sacrificing
5:03 - Advantage of salary sacrificing
6:26 - Other things to consider

[BryanInvest]

🎁🎁🎁 GRAB SOME FREEBIES 🎁🎁🎁

💰Use Moomoo App (chess sponsored) to buy shares & get these free bonuses 🎁:

1. 10 FREE Stocks (worth up to $3, 626).
2. Earn 6.8% Interest for up to 100K Uninvested Cash.
3. $2, 000 Brokerage free cards (free brokerage fees for 30 days.

[kaithrupp-probst]

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.

[Hunty]

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.

[danielfitzgerald]

No beach anywhere near me in Armadale. I may need some good video motivation in the near future Bryan. Bring on more.

[morgangriffen]

I always look forward to your videos mate. Keep it up and cheers for the beach video...

[idoscreamforicecream]

Great video Bryan! Can you do a video about HECS and the high indexation that's just about to happen?

[Kareem_Bassiouni]

Thank you for the speed and the depth of the information ❤

[CRA]

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?

[davdav]

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

[Reza-bkct]

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!

[nicoleheron]

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?

[Carl_Johnson_.]

Great video as always, please continue making these informative videos more regularly. (BEACH) cheers mate

[etrtomryan]

I've made no extra contributions this year. Can I quickly dump in my entire next pay cheque before June 30?

[aarontong]

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 😂

[VideoAssociates]

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

[knightriderfront]

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'?

[vinceovijach]

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.

[sidjyothi]

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?

[FM-dmxj]

Would you reccomend starting investing completely new (only small amounts) before going overseas for half a year?

[Alitrade]

Hi Bryan

Do you think investing in BTC is a good idea now in Australia or not?