10 Retirement Planning Strategies to Boost Your Super & Reduce Tax

In this video, we’ll be going through 10 essential retirement planning strategies that not only boost your super but also reduce your tax and give you greater confidence in your preparation for retirement.
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⏱ Timestamps
00:00 - Top 10 Retirement Planning Strategies
01:05 - 1. Salary Sacrifice
02:08 - 2. Personal Concessional Contributions
03:26 - 3. Unused Concessional Contributions
04:40 - 4. Non-Concessional Contributions
05:44 - 5. Bring Forward Rule
07:00 - 6. Transition to Retirement Pension
08:32 - 7. Account-Based Pension
10:22 - 8. Recontribution Strategy
12:15 - 9. Spouse Contribution Tax Offset
13:24 - 10. Downsizer Contribution

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-- Top 10 Retirement Planning Strategies to Help You Retire Sooner --

Are you confident you've taken the right steps to optimise your super leading into retirement? Most people aren’t—and that’s okay! In this video, we’ll walk you through 10 essential retirement planning strategies our clients use every day to boost their super and reduce tax.

You’ll learn how to make the most of your retirement with strategies like salary sacrifice, concessional contributions, downsizer contributions, and the highly underutilised bring-forward rule, to name just a few.

Using one or more of these retirement planning strategies can improve your financial position as you approach retirement, giving you the ability to retire sooner, or with more.

#ToroWealth #SuperGuy #ChrisStrano #Superannuation #RetirementPlanning

DISCLAIMER: The SuperGuy website and SuperGuy YouTube channel contains general advice only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions.

General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387).

Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.

[SuperGuyAu]

Hey everyone, thanks for watching! Ready to take control of your retirement? Download our FREE 6-Step Superannuation Check today:

[TheWoodworkerwhopaints]

Hi Chris, the non concessional contributions also have the added advantage of the free government co contribution. (if eligible)
My wife and I always try and add at least an additional $1k to get the free $500 now that we work casually and are under the upper threshold for GCC. Great stuff here Chris !

[jessekoch]

I'm on an account based pension now. I own my house + an investment unit. I got my first payment of 4% then turned 1/2 back into super straight away. Don't sweat about money if you have a good manager. We have more than we will ever need to live on. Our super is higher than 1 year ago after the deductions. It's stupidity great don't freak out just do it and live headache free.

[gerrym]

Great video Chris. The Spouse cont is a no brainer for us. My wife works casually and my higher income means I need all the deductions I can get, so we've been using that strategy for the past few years. $540 back in tax guaranteed

[caromarco]

Lots of really helpful information thank you!

[Woodland]

I am going to start a TTR soon but can't do much more of any of the other strategies because I am over TBC.

[Lisajen-hu]

I have made an appointment with a financial advisor, not sure if I need it now after watching this😊

[belindawu]

Hi Chris
Thank you very much for your helpful information.

If i transfer my superannuation funds from accumulated account to retirement account, can I add more money into the retirement account later?
And how can I withdraw the remaining money in the accumulated account?
Many thanks.

[The_LaZy_HiKeR]

Can I use the bring forward rule and the downsizing rule in the same year?

[rpjnedi]

Great video. Thanks. Utilising the Recontribution strategy, is the contribution back into an Accumulation account taxed at 15%?

[PhilInAustralia]

How do Transfer Balance Caps interact with the Re-contribution Strategy? If you withdraw from pension-phase and re-contribute to accumulation, aren't you shooting yourself in the foot to some extent?

[bradnewman]

Do you pay the 15% tax on the 300k downsizer contribution.?