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The New Daily
The New Daily
Craig Sankey

Ask the Expert: Super optimisation – how to go the extra mile with your contributions

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.

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