Make sure you're sitting pretty come retirement. Source: Unsplash/anuomar
Given the myriad obligations confronting small business owners — including payroll obligations, making good on compulsory super payments to staff, plus countless other fixed-cost imposts involved in running the business — the time-honoured notion of ‘paying yourself first’ can often be overlooked.
As a result, all too often small business owners abandon regular commitments to their own super, and instead promise to make lump sum top-ups that somehow never happen.
With a view to helping SME owners play catch-up on their own super, SmartCompany Plus has put together a quick and easy guide to help maximise the opportunities you may be unaware of.
Given you’re most likely going to be playing super catch-up, Andrew Zbik founder of CreationWealth suggests the best starting point is to take a step back and assess how you’re currently being remunerated by the business. To a large degree, Zbik says this will determine what options you’ve got, and which one will deliver the best outcome.
EOFY sale now on
