Take control
of your super
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Important notice
Any advice in this presentation has been prepared without taking into
account your objectives, financial situation and needs. You should
consider whether it is appropriate having regard to your personal
circumstances before making any financial decisions.
If you are considering acquiring a financial product you should obtain
the relevant product disclosure statement before making any decision.
Any information about taxation in this presentation is factual
information or general advice only and does not consider the
application or interpretation of any taxation laws to your personal
circumstances. If you require taxation advice you should seek advice
from a registered tax agent or a registered tax (financial) adviser.
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Why Super?
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Tax benefit #1 – investment earnings
Money
outside
super
Super
Up to
45% tax*
Up to
15%
tax
Retirement
income
stream
55% left over
85% left over
No tax 100%
*excluding Medicare Levy & Temporary Budget Repair Levy
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Contributing to super?
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Super Guarantee (SG) rate
Year
SG Rate
1 July 2015 – 30 June 2021
9.50%
1 July 2021 – 30 June 2022
10.00%
1 July 2022 – 30 June 2023
10.50%
1 July 2023 – 30 June 2024
11.00%
1 July 2024 – 30 June 2025
11.50%
1 July 2025 & onwards
12.00%
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Pre-tax (concessional) contributions
Salary
sacrifice
Super
Guarantee
Notional
taxed
contributions
Employer
paid
insurance
premiums
Self-employed
contributions
49 years or over at 30 June 2015
All others
$35,000 p.a. cap
$30,000 p.a. cap
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Tax benefit #2 – concessional contributions
$100
Up to $45
in tax*
Before tax
salary
$100
salary sacrifice
$15
tax^
$55 in your hand
$85 stays in super
*excluding Medicare Levy and Temporary Budget Repair Levy
^this tax is 30% for members with eligible incomes over $300,000p.a.
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Contributions
Assumptions: Salary $80,000 p.a. (ex Super), 10% SG contributions, salary growth 3% p.a., inflation 2.5% p.a.,
investment returns 6.5% p.a. net of fees, taxes and other costs. Past performance is not a reliable indicator of
future performance
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Post-tax (non-concessional) contributions
Inheritance
Sale of
large
asset
Share
portfolio
Term
deposit
Money
in the
bank
Investment
property
$180,000 p.a. cap
$540,000 over 3 year period (under 65)
$180,000 p.a. cap 65 and over*
*Must satisfy work test if aged 65 and over
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Spouse contribution
Salary
sacrifice
You
Spouse super
Tax offset
Contribute up
to $3,000
if they earn up
to $13,800*
of $540 or 18% of
$3,000 contributed
* A partial offset is available if your spouse’s income is over $10,800 but less than $13,800 p.a.
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Government co-contribution
Salary
sacrifice
You
Super
Government
earn less than
$49,488
post-tax
contributions
up to $1,000
receive a cocontribution
up to $500
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Investing with
Telstra Super
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Investment options
Return
Objective CPI+
Growth/ Defensive
Options
89
Growth
11
73.5
Balanced
26.5
Investment Timeframe
(years)
3.5%
0
3%
0
7
10
5
10
Diversified Income
55
45
2%
0
Defensive Growth
55
45
2%
0
1.5%
0
0
8
10
0
8
10
Conservative
38.5
61.5
4
2
6
10
6
10
3
Australian Shares
100
4%
International Shares
100
4%
Property
100
3%
0
Fixed Interest
100
CPI+
0
2
Cash
100
CPI+
0
2
Direct Shares
100
n/a
0
Term Deposits
100
n/a
0
10
5
7
10
4
10
10
Telstra Super Direct Access
8
2
Source: Telstra Super Investment Guide, 1 September 2015
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
10
10
Telstra Super
Financial Planning
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Telstra Super Financial Planning
An adviser may help you prepare for a comfortable
retirement by answering questions, such as:
• how much will I need for the retirement I want?
• am I on track to reach this target?
• how can I boost my retirement savings?
• is a TTR strategy appropriate for me?
• should I consider salary sacrificing?
• comprehensive retirement planning
• how can I maximise my tax-effectiveness?
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
SuperOnline: it’s all about you
check your
balance
check
your
insurance
nominate
your
beneficiaries
review your
investment
options
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
In summary
Types of contributions
– Pre-tax (concessional)
– Post-tax (non-concessional)
Limits apply
– $30k or $35k concessional
– $180k non-concessional
Potential tax benefits
– salary sacrifice, tax on investment earnings
Increase retirement savings
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
What’s next?
Review
your
investment
strategy
www.telstrasuper.com.au
1300 033 166
talkingsense@telstrasuper.com.au
Access
accounts
online
Check out
our Super
Simulator
Discuss
your options
with Telstra
Super
Seek
Advice
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super
Current as at February 02, 2016. This work is copyright and no part may be reproduced by any process without prior written permission from Telstra Super