Maximising Super Contributions

As we edge closer to 1 July 2024, the landscape of superannuation in Australia is set for a notable shift, with increased contribution caps presenting a golden opportunity for savers and investors.

What's Changing?

The start of the 2024 financial year marks a significant increase in superannuation contribution caps: concessional contributions will rise to $30,000, and non-concessional contributions to $120,000.

Triggered by notable wage growth, these changes are an opportunity for those looking to enhance their retirement savings.

What's the Challenge?

While the opportunity to increase your super contributions is appealing, the reality of having the available cash to do so can be a challenge. This is particularly relevant when considering strategies like 'catch up' contributions, which allow for compensating past years' unused caps, or leveraging the bring forward rule to maximise non-concessional contributions.

The question then becomes, where does one find the funds to make the most of these opportunities?

What We Do!

This is where Sandcastle Finance steps in.

Recognising that cash flow is king, we offer tailored cash flow financing solutions designed to empower you to maximise your super contributions without straining your current financial situation.

Whether you're a business owner who has had a standout year, looking to mitigate a capital gains tax liability, or simply aiming to boost your super balance, our expert team can facilitate the right financing strategy to meet your goals.

Maximising Contributions with Strategic Financing

Consider the scenario where you, like Alex, have the potential to significantly increase your super balance through 'catch up' contributions. Alex could leverage unused concessional caps from the last five years but may lack the immediate funds to do so.

That's where having a finance solution at hand may come in handy.

Future-Proof Your Retirement with Sandcastle Finance

As the contribution caps increase and offer a fresh wave of opportunities for superannuation growth, the need for strategic financial planning and support becomes ever more critical.

Speak to us to see how to secure the necessary funding to take full advantage of the new caps.

Your Enhanced Super Journey with Strategic Finance Solutions

Don’t let cash flow constraints hold you back from maximising your super contributions.

Reach out today to explore how we can support your superannuation strategy with bespoke cash flow financing solutions. Together, we’ll ensure you’re perfectly positioned to capitalise on the upcoming super contribution cap increases and move closer to the retirement you envision.

Get in touch here: https://www.sandcastlefinance.com.au/contact-us