JDFP - Diversity by Design

Odds and Ends of Superannuation

There are always odd bits, that do not fit the normal rules of superannuation. Here are some of them.

Defined Benefit Super

Not many of these are created for new clients. Most are related to people who have been with the same employer for many years.

These funds are not like normal superannuation. First, they are normally not based on market performance. Instead they have a formular based on average salary, length of service, and a productivity portion. Second, they can be even more complex than normal superannuation.

If you have a defined benefit, contact us and let us guide you through its maze.

Contributions Caps

In one way or another, superannuation has always had caps or limits. In particular, you need to be careful with, the Concessional Contribution Cap (CCC). This is when contributions are made before income tax. It includes salary sacrifice contributions you may make at work, but it also includes your normal work contributions. If you are close to your Concessional Contribution Cap, take care, and contact us for for advice.