When you don’t get a payslip, super doesn’t get paid. This is an unfortunate reality and might impact those that are thinking of starting a family in the next couple of years or maybe someone who is planning that long trip around Australia. If you know you won’t have a payslip coming in for a period, it’s worth thinking about how that may impact your super.
It is not all bad news though! You may be able to top up your superannuation contributions from previous years. One thing you could do today that has positive impact on tomorrow is having a chat to your advisor about your concessional contribution cap and ask them whether you are squeezing the most out of it!
Ask your advisor how to make sure your super does not miss a beat when you head off the beaten trail. It might be as simple as putting a cup of coffee a day into your super, keep in mind that usually ends up being the price of two cups of coffee, as I’ve never met some who’s been able to give up the real cup!
Think about all those small things that will make your super journey over the long term as rewarding as the next trip planned over the horizon.
Sharna Meinertz is an Executive Advisor at Viridian Advisory.
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