FinPlanner

Superannuation

Fund balances, contributions, fees, and retirement strategy

Kyle's Super

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across — funds

Angela's Super

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Household Total

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Concessional Cap Used

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of $30,000 each

Fund Details

Concessional Cap Usage

Balance by Fund

Retirement Projection (8% return, current contributions)

Super Strategy

Current decisions and opportunities

Cash in Lieu (2% of salary)

Under Review

Kyle takes 2% ($4,312/yr) of Woodside's 14% super offer as cash. With negative gearing, effective marginal rate is ~39% — so the penalty vs super's 15% is 24%, costing ~$1,035/yr.

In hand (after 39% tax): $2,630
If in super (after 15%): $3,665
Annual cost: $1,035

Rationale: Liquidity preference + AI/automation tail risk hedge. Deploy cash to offset account (5.65% effective return).

Consolidate Kyle's Funds

Recommended

Spaceship Super (0.85% fees) → Vanguard Super (0.56% fees). Saves ~$400/yr on a $137k balance. Single fund simplifies tracking and beneficiary nominations.

Fee saving: ~$400/yr
Risk: Check insurance before rolling
Action: Initiate via Vanguard

Angela: Salary Sacrifice to Cap

Recommended

Angela has $14,400 of unused concessional cap. Salary sacrificing this saves $2,448/yr in tax (32% marginal → 15% super). Reduces take-home by ~$1,150/month but household cashflow can absorb it.

Tax saving: $2,448/yr
Super boost: $12,240/yr (after 15%)
Consider: After HECS repaid

SMSF Consideration

Not Yet

SMSF costs ~$7,259/yr minimum. Breakeven vs industry fund at ~$1.2M combined balance. Currently at $248k — estimated 12 years to breakeven. Revisit when combined super exceeds $500k.

Current balance: $248k
Breakeven: ~$1.2M
Timeline: ~12 years

Insurance Gap

Action Required

Death & TPD cover not confirmed for any fund. Check and record cover levels for Kyle (Vanguard + Spaceship) and Angela (AustralianSuper). Critical with $1.9M in mortgage debt.