Simon's "1 Minute Money Message" (Episode 2): Simple Ideas to Grow, Protect and Manage Your Wealth!

Welcome to Episode 2 of "One Minute Money Message" where Simon will outline Simple Ideas to Grow, Protect and Manage Your Wealth.

"A wise person should have money in their head,

but not in their heart."

That's a quote by Jonathan Swift. 

The Superannuation Co Contribution Scheme is a nifty little program by the government that allows low income earners to boost their super and retirement savings. 

Here's how it works. 

So Step One, you contribute voluntarily up to $1000 into your super account. 

Step Two, the government will match a portion of that contribution, usually up to a set limit, currently $500. 

And then Step Three, you're boosting your savings with free money from the government.  Rinse and repeat. Keep doing this every year as long as you're eligible. 

So do you or your partner, your kids, parents earn less than about $60,000?   

If so, search it up under "Government Co-contribution scheme" or "Super Co contribution scheme", give us a call or a book call on our website button and we can help work out if you might be eligible, or if you want just a wholesale review of your super, we can look at that as well. 

Thanks for watching!

Simon

p.s/ - If you'd like to check out Episode 1 of "1 Minute Money Message" click here!

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Find out more about how we can help: https://www.providencegroup.com.au/retirement-planning-services