Every parent wants to give their kid a head start, but most don't realise one of the best ways to do it is inside superannuation. Today we're looking at a strategy that turns small yearly contributions into hundreds of thousands for your child by the time they retire, using rules the government has quietly left on the table.

On this episode, we discuss:

(00:00) Intro
(00:47) Two Super Strategies Most Aussies Don't Use
(01:55) Helping Your Kids Get a Leg Up via Super
(02:47) The Government's Super Co-Contribution Scheme
(04:02) $1,000 a Year Into Your Kid's Super
(05:23) The Balance After 5 Years in Super
(06:13) The Balance After 10 Years in Super
(07:32) Turning $23,675 Into $354,000 for Your Kid
(08:16) The $193K Cost of Starting Late
(09:40) Pulling Super Out for a First Home
(12:58) Moving a Lump Sum Into Super
(13:57) Concessional vs Non-Concessional Contributions
(16:54) How the Bring Forward Rule Works
(18:00) $520K Into Super in Six Weeks
(18:47) The $1.6 Million Couple With Downsizer Option
(21:34) Why Super Beats a Personal Share Portfolio

Check out the free resources from Inovayt here.

Send us an email: hello@thenumbersgamepodcast.com.au

The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson

This podcast is produced by VIDPOD.

Check out our new website thenumbersgamepodcast.com.au. Browse the full show catalogue, jump straight to specific moments on the topics you love, or leave us a voice note.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.