Get all your news in one place.
100's of premium titles.
One app.
Start reading
The New Daily
The New Daily
Craig Sankey

BIZARRE: Ask the expert super optimisation how to go the extra mile with your contributions - You Need To See This

ATO Craig Sankey
There are opportunities to make further contributions to super. But some care needs to be taken in how you go about it. Photo: Getty/TND
  • Question 1: I look forward to your articles, Craig. I am retired, comfortably, lucky to have a defined benefit (DB) pension. I’m aged 65, own my own home and have zero debt.  I also have around $1.7 million in an industry super fund, all in an accumulation fund. I have never had funds in the pension phase.
    I manage to save money on my DB pension but have been placing savings in super rather than leaving it in the bank. I would like to continue to do this now that the work rule does not apply until age 75. Can I contribute more funds to my accumulation fund? Cheers, Warren  

Thanks for the feedback and well done on putting yourself in a great financial position.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
California woman says she approached a girl she follows online for a photo, but the influencer allegedly made a demand: ‘The entitlement’
Terms and conditions apply.
We Got This Covered
We Got This Covered
Why Your Favorite Coffee Brand May Be Taking a Bigger Bite Out of Your Grocery Budget
For many households, coffee is one of those grocery purchases that rarely comes off the shopping list. Whether you prefer a familiar can of ground coffee, a bag of whole beans, or single-serve pods, you may have noticed that your usual purchase costs more than it once did. And unlike…
Grocery Coupon Guide
Grocery Coupon Guide
Martha Stewart Apologises for Homeless Halloween Costume After Admitting She 'Really Screwed Up'
Martha Stewart apologised after criticism of a Halloween costume portraying homelessness, which appeared in an Instagram carousel promoting her QVC candle collection before being removed
International Business Times UK
International Business Times UK
'People Go to Jail for Faking This': Netizens Doubt Toronto Father's Magnet Candy Claim
A Toronto father says he found pins and needles in five Halloween treats, but police have not confirmed a wider threat and social media users have questioned whether the discovery was staged.
International Business Times UK
International Business Times UK
Kansas burger stand wins court battle over UFO-themed mural halted by city officials
In a significant legal victory, the federal appeals court has ruled in favor of Steve Howard, owner of Cozy Inn, regarding a proposed mural. The City of Salina had previously deemed the mural an illegal commercial sign, but the court determined that this classification infringed upon Howard's First Amendment rights.…
The Times of India
The Times of India
Mark Zuckerberg's Halloween Post Sparks Debate Over Kids' Privacy as Threads User Claims 'Tech Parents Avoid Tech'
Mark Zuckerberg's family photo prompts debate over children's online privacy as a Threads commenter describes technology habits among San Francisco parents
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play