What Most Australians Get Wrong About Super Contributions (Concessional vs Non-Concessional)

In this video, I'll show you how concessional and non-concessional contributions work and how to use both to your advantage. ► If you need help with your retirement plans, our financial planning firm, Toro Wealth, helps 50 to 70-year-olds optimise their financial position in the lead-up to retirement and feel confident about retirement. Go to https://www.torowealth.com.au/ to find out more. Links Mentioned In Video - ►Download Our Free 6-Step Super Check https://www.torowealth.com.au/6-step-... 🔔 SUBSCRIBE FOR MORE VIDEOS ►    / @superguyau   📈 Resources to boost your super & build your own retirement plan: ► How Much Super Do You Need to Retire Comfortably: https://bit.ly/364JN5h ► How Long Will My Money Last in Retirement: https://bit.ly/3hcIibz ► How Much Super Should You Have: https://bit.ly/3hpcFu1 ► How Much Can You Contribute to Super? https://bit.ly/3jBLH5k ► When Can You Access Your Super: https://bit.ly/3htrlIC ► Should You Withdraw Super to Pay Debt: https://bit.ly/3hbtr0V ► When Can You Access Your Super Tax Free: https://bit.ly/3h95JCh ► How Much Super Do You Need to Retire At 60: https://bit.ly/3dzy1E1 ⏱ Timestamps 00:00 – What Most Australians Get Wrong About Super Contributions (Concessional vs Non-Concessional) 00:43 Why Super Contributions Matter 01:39 - Concessional Contributions (Before-Tax) 02:57 - Non-Concessional Contributions (After-Tax) 03:50 - The Main Differences (Concessional Vs Concessional) 04:45 - Deciding Which Contribution Type to Use 7:51 - Case Study: How Sarah saved $13,500 in tax 11:11- 5 Common Mistakes to Avoid 😍 Like this video? Please hit the thumbs up button👍 and leave us a comment below. ⏬ – Concessional vs Non-Concessional Contributions: Which Should You Use? – Take two people starting in the same financial position with the same income & the same super. Fast forward a few years, and it’s quite possible for one to retire with an extra $100,000. The difference wasn't a hot investment property tip from a sleazy looking bloke standing in front of a rented Maserati on facebook. It was how they utilised their super contributions. This video will walk you through concessional and non-concessional contributions and how to make the most of both. #ToroWealth #SuperGuy #ChrisStrano #Superannuation #RetirementPlanning #Retirement DISCLAIMER: The SuperGuy website and SuperGuy YouTube channel contains general advice only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions. General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387). Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.