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Advice on superannuation planning

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Reference no: EM133057170

Fred is 38 years of age and has sought your advice on superannuation planning. 

Fred is self-employed as an excavator subcontractor and earns approximately $150,000 per annum before tax. Fred has a partner called Wilma who is currently looking after their two year old son. Wilma will return to work once their son commences school. 

Over the years Fred has been a member of a number of superannuation funds (he is currently a member of four such funds). In the past employers have made contributions to Fred's superannuation funds or he has made contributions himself.

 Fred would like to know the following: 

  1. What should he do about his existing superannuation arrangements? 
  2. Whether he can now contribute to an existing or new superannuation fund? 
  3. If he can contribute to a superannuation fund, what type of contribution can he make? 

Reference no: EM133057170

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