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If I had a dollar for every business owner not paying themself superannuation, I’d be a rich woman indeed. There are lots of reasons why business owners choose not to pay themselves super and believe me I’ve heard them all. But here’s the thing, if you’re under 60 and a business owner in 2023 and you’re not paying yourself super, then come retirement, you need to hope that you can sell your business for a pretty penny, you win lotto or come into money, or the government suddenly decides to pay a decent amount for the pension. And honestly, chances of it being the latter are slim.
Bottom line, if you want to retire on a modest income and be ok, then you need to be paying super. In this episode, I’m diving into superannuation in Australia and sharing the basics.
Now, I’m no super expert and I don’t know your personal financial circumstances, so it goes without saying that before acting on anything you learn in today’s episode, you contact your accountant or financial planner for more advice.
This episode is brought to you by Flossi Creative and Business Money Formula, join the waitlist NOW!
Freaked out by your business finances? Frantic when it comes to end of quarter compliance, tax time got you in a cold sweat? If you can relate, you’re not alone. Most business owners find the financial side of their business overwhelming, confusing and probably on the, never to do list.
When I started my first business, I felt exactly the same way. However, I quickly realised the impact good financial management made to every part of my business. So, over the last 20 plus years, I’ve focussed on the finance, become a registered BAS agent, worked in insolvency and now I work with other business owners on building financially strong and successful businesses.
From bookkeeping and compliance services to 1:1 coaching and mentoring, workshops, online courses and my signature service the pricing formula, here at Flossi Creative, we’ve got you covered.
So if your business finance makes you feel, blah, reach out, book in for a discovery call, learn about our services and
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This episode is brought to you by Become A Business Money Magnet - Simple habits to manage your money and supercharge your profits!
Want 30 Ways to Save Money in your Business? Download the guide here.
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Host: Justine McLean – Flossi Creative
Producer: Leah Stanistreet – Snappystre...