Q: Due to personal circumstances – namely a divorce – I have found myself entering my 70s with limited financial resources. I have about $170,000 in super and a home with a $200,000 mortgage. Looking ahead, how can I make the most of superannuation? I’m self-employed and could set up a company. I’m particularly interested in where I stand if I wish to make super contributions after the age of 75. – Phillip
A: “Making superannuation contributions while you are working can make sense from a tax perspective,” says Peter Crump, a senior business services consultant from BDO’s private wealth team.
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