--- title: Increase my super contributions description: I've heard that having a SMSF is beneficial in saving for my retirement. Is this true? Is a SMSF right for me? 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I want to do this in a tax effective way. Should I salary sacrifice my income?** ### The Altus Retirement Hub  Helping Australians reach their retirement goals, whatever their starting point. Whether you’re just starting to consider retirement or making detailed preparations, there’s a place here for you. [**Visit the Retirement Hub**](https://www.altusfinancial.com.au/the-retirement-planning-hub) #### Increase my super contributions Explore these Altus services which are best aligned with your goal [ Wealth Management ](https://altusfinancial-com.hs-sites.com/wealth-management) [ Transition to Retirement ](https://www.altusfinancial.com.au/increase-my-super-contributions#12b) For anyone who has reached their preservation age and is still working, there is now the ability to ease into retirement. Until recently, you could only access superannuation benefits if a ‘condition of release’ was met (i.e. turning 65, or retiring after attaining preservation age). This generally made it hard to reduce your working hours and maintain your standard of living. The introduction of a new ‘condition of release’ means it is possible for you to utilise some or all of your superannuation before you fully retire. You can make up for your reduced employment income with a regular income stream from your superannuation benefits. [ Superannuation & SMSF ](https://www.altusfinancial.com.au/increase-my-super-contributions#fg5hjk) Before you start a SMSF, it’s important to weigh up the benefits and requirements. A SMSF gives you more control over your superannuation and retirement planning, better tax management, improved cash flow management, direct investment risk management, however there is also running costs to consider, the responsibilities are significant and there can be penalties for non-compliance with the rules. All Goals Maximise Retirement [Download](https://www.altusfinancial.com.au/hubfs/PDF_Documents/Maximise_retirement_-_Altus_case_study_1.pdf) Want to talk to an adviser? [Contact Us](https://www.altusfinancial.com.au/contact-us) #### Let's get your finances flowing ## Take the next steps with Altus Financial [talk with us](https://altusfinancial-com.hs-sites.com/talk-to-us)