For assistance with Government co-contributions over the phone, call us on 1300 033 166 or fill in our online contact form. My wife and I now spend our time doing what we wish to do - going on holiday, visiting restaurants and the theatre, etc. Hi Noel,  I always read  your column in the Sunday times WA and love your newsletters. If eligible, you could receive an additional contribution to your super from the government (50 cents for every $1 contributed, up to a maximum of $500 each financial year). It is not an exaggeration to say that in my case at least, he has made me aware of information which has earned me millions of dollars! It would be a good strategy to do these calculations at least every year. Employer contributions, including salary sacrifice and any personal contributions you claim as a tax deduction, are all included in this cap. Superannuation guarantee contributions calculator. Take advice before the deed is done – not afterwards. Find the most tax-effective way to boost your super. Be extremely wary of going guarantor for any of your children – especially if they are in business. I have just ordered your latest book and would like to thank you for not only writing the book, but for helping me so much over the past 40 years years. Wishing you good health and continued wealth for the festive season and many more years to come. You don’t need to rely solely on your employer to grow your super savings. The maximum number of Velocity Points you may earn in respect of any financial year is 250,000 Velocity Points. Sally, Hi Noel, Before acting on this advice you should determine if it is appropriate for you. The trustee is not responsible for the products or services, views or actions of these third parties. I just stopped by to sign up for your newsletter. In 2003, he was awarded the Australian Centenary Medal in recognition of his services to the financial services industry and, in 2011 he was made a Member of the Order of Australia in the Australia Day Honours List. Free, accurate, and user-friendly calculator that shows super contributions for multiple employees at once . 5 Dec 2015 If a person contacts you by phone with an offer of an investment, or even to help you pay your mortgage back faster, hang up. These could be regular payments made throughout the year or ad hoc. An email is sent to us immediately you place your order, and the book or books should be posted within 24 hours. Thank you. I would really appreciate it. Super Contributions Calculator. I consider myself financial savvy and am currently a SMSF auditor. I have read one of your books and have just purchased 2 more and so excited to start reading them. I think that before I embark on this next phase of my life, it is time for me to consult a financial planner as I will soon have extra money for investment rather than just plowing straight into my offset account. He worked in a cafe in Canberra. 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. I always enjoy your articles in the Sunday Mail and over the years your advise has been a great help to our family. I look forward to reading your new book and passing on good financial habits to my 19 year old nephew Jayedan who along with my sister Rosalynd and mother Betty benefited from your informative presentation. I didn't start earning a proper income until 1996 due to travel and study, but between 1996 and 2015, I paid off my first home in 2002, did the same with my wife in 2008 after selling the first home for a substantial profit, and we now have a very, very healthy portfolio of shares and a few managed funds. Working as a part time GP with young children they provided me with the knowledge to make sensible investment choices that have served me well. I seem to remember reading in one of your earlier newsletters of you offering  to help point me in the right direction re: who to talk to? and an approximate rate at which you think your salary may increase each year. 20 year old. You could save more and boost your balance by making contributions — generally the sooner you start the better. Thanks for all your kind comments. Making additional contributions now can make a big difference later on and there are a number of ways you can go about boosting your balance. In 1999 I came over from England and visited my brother who went to live in Australia. I graduated medical school in 2007 with a huge debt and just enough money leftover for a deposit on a car. Thank you. He also writes in Australian Doctor magazine. The challenge is now getting my partner on board! Matt. We recommend you revisit this calculator on a regular basis as your circumstances, tax and other rules can change over time. I am 58 and my husband is 65. This will make it easier if one of you passes away or becomes incapacitated. 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 have read every book you have authored and I have just finished your latest 25 years of Whitt & Wisdom Pay ,XXX extra into your super account now and claim ,XXX in your tax return to reduce your income tax. You were one of them. Peter. Your contribution limits or ‘caps’ will depend on how you are making your contribution — contributions are either non-concessional (before-tax) or concessional (after-tax). The cap for non-concessional (after-tax) contributions is $100,000 each financial year. Ignore the prophets of doom – they are always with us and usually wrong. So, thank you. Head to our Superannuation FAQs for more. Welcome to Noel News. Get your BPAY number; contact us. As a result of that day's information, I purchased a property in Perth which doubled in value over the following three years and the rest is history, as they say. 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. Co-contribution Calculator Find out how much the government will contribute to your super, based on your income level. contributions calculator. I read ‘Making Money Made Simple’ in 1987 and was horrified by the chapter ‘Why only 8% Make it Financially’ (I checked that title in the 2007 version - the stats were definitely there in 1987, but maybe the title has changed). If you do make contributions that exceed your caps you may have to pay additional tax. I find it helpful to re-read them every time a significant change is about to happen in my life. I was in a dead end job and always struggling financially. And make sure they have copies and can locate the originals when needed. I just wish I could have started much earlier than 1996! Contribution caps for GESB Super or West State Super, do not include contributions already made to your Gold State Super account. Some products and services offered on this website are provided by third parties. Using the different contribution strategies available to you left over, rather than threshold... Herd and back last year ’ s no single answer and in my life my money and go university. 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