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A new job and your superannuation

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I am just about to start a new job and need to decide what to do with my existing super, and may need to consider a new choice of fund for future contributions. Do you have any advice on this?

Changing jobs is a good time to review and possibly combine your super accounts. Firstly, check if you have the flexibility to choose your own super in your new role, if you haven’t already. For specific fund advice, you need to speak to a financial planner.

Also, if you make after-tax contributions to your superannuation, you may be eligible for a government co-contribution. If you are a low- or middle-income earner, the Government will match up to $1000 of your personal super contributions.

For advice you can trust book a complimentary first appointment with Switzer Financial Services today.

Important information: This content has been prepared without taking account of the objectives, financial situation or needs of any particular individual. It does not constitute formal advice. For this reason, any individual should, before acting, consider the appropriateness of the information, having regard to the individual’s objectives, financial situation and needs and, if necessary, seek appropriate professional advice.

Published on: Thursday, March 17, 2011

The Switzer Super Report is a newsletter and website for self managed super funds. With exclusive commentary from Peter Switzer, Roger Montgomery, Paul Rickard and Charlie Aitken the Switzer Super Report will help you maximise your after tax investment returns and grow your DIY Super. Click here for a free trial or subscribe today.

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