Starting Super.

Discussion in 'Superannuation, SMSF & Personal Insurance' started by shouldisell, 26th May, 2008.

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  1. shouldisell

    shouldisell Well-Known Member

    Joined:
    16th Jun, 2019
    Posts:
    348
    Location:
    melbourne
    Oh, and what's the deal with the governments co contribution scheme?

    Am I too late for that?
    What do I have to do to receive that payment?
     
    shouldisell, 13th Jun, 2008
    #21
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    1,075
    Location:
    Sydney, NSW
    Hi Compleks,

    Read Super co-contribution

    Cheers,

    Dan

    PS Before making an investment decision speak to your FPA registered Financial Planner.
     
    AsxBroker, 14th Jun, 2008
    #22
  3. shouldisell

    shouldisell Well-Known Member

    Joined:
    16th Jun, 2019
    Posts:
    348
    Location:
    melbourne
    Cheers...

    I just dropped $1,000 into my BT Super Fund to get it started. I'm about to set up a periodic payment of $100 per week.

    The only problem is that I can't make the payments from my savings account and I don't leave much money in my other account (which will incur a $50 penalty if there are insufficient funds for the regular transaction). I'll just have to keep my eye on things until I have a more steady income passing through that account.
     
    shouldisell, 16th Jun, 2008
    #23
  4. shouldisell

    shouldisell Well-Known Member

    Joined:
    16th Jun, 2019
    Posts:
    348
    Location:
    melbourne
    Cancel that. I won't be setting up a regular transfer from wespac...

    There were a few fees. Nothing much, but I'm sure I can make the regular contributions and save myself a little cash.

    Does anyone know if setting up a direct debit (from BT) will cost me anything?
     
    shouldisell, 16th Jun, 2008
    #24
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