Life used to be simpler. For better or worse most people found themselves with a basic career arc. You’d finish your studies, go into the workforce, and stay with the same employer until the day you retired. That scenario offered stability, and usually came with a retirement plan when you finally decided to put your feet up.

Times change, and the rise of the gig economy has seen more people self-employed or working on a contract basis. While that allows more freedom and options, it can also have serious financial repercussions, because it means you may need to manage your own super. Here’s how to get started.

Regular super payments add up

Whether you’re a freelance designer, delivery driver, or run your own online business, if you’re a self-employed worker you don’t automatically receive super contributions. Which means it’s on you to sort out your super and make sure you’re planning-ahead.

Research shows that around 20% of self-employed people have no super savings. And in the long run their super balances are around half that of employees.

Failing to build your super balance when you’re young means you’re missing out on years of compound interest and growth. Assuming you earn $60,000 per annum and contribute the standard 9.5% to super, you would have approximately $30,000 saved within five years. After a decade of default returns and fees that number would be just north of $65,000. Which puts you on track to retire with over $325,000.*

Taking matters into your own hands

So how do you balance the need for an immediate income with long-term savings goals?

There are a couple of practical things you can do, and some government incentives to help as well.

1. Make regular payments into your super

For a typical employee, an amount equal to 9.5% of their income is contributed to their super. Which means that every time they’re paid, a portion of their income is automatically paid into their super account.

If you’re working for yourself, you can do something similar by arranging regular payments into your super account.

Each super account has its own account number. Which means you can set-up regularly scheduled BPAY transfers with your bank to coincide with your pay cycle. Even if you can’t afford a 9.5% contribution, making regular contributions can help you develop good savings habits.

You can find your BPAY account details by logging into your account.

2. Take advantage of government incentives

If you earn less than $54,837 and you make a personal after-tax contribution to your super, you may qualify for a government co-contribution, which means your super payments could be topped up by the government after your lodge your annual tax return. The government is currently offering up to $500 in co-contributions annually.

If you’re on a higher income there are potential tax advantages for making super contributions. For example, if you make a (before tax) super contribution the money will be taxed at 15%, rather than your usual marginal tax rate. Which can mean a considerable tax saving, e.g., 15% vs 32.5%.

Either way, speaking with an accountant or financial planner can help you better understand your options, and make the most of your current income. An initial appointment with one of our financial planners is available at no additional charge, and is a great way to start.

“

Overview for “Gig Economy and Sharing Economy Market” Helps in providing scope and definitions, Key Findings, Growth Drivers, and Various Dynamics.

Gig Economy and Sharing Economy Market Data and Acquisition Research Study with Trends and Opportunities 2019-2024
The study of Gig Economy and Sharing Economy market is a compilation of the market of Gig Economy and Sharing Economy broken down into its entirety on the basis of types, application, trends and opportunities, mergers and acquisitions, drivers and restraints, and a global outreach. The detailed study also offers a board interpretation of the Gig Economy and Sharing Economy industry from a variety of data points that are collected through reputable and verified sources. Furthermore, the study sheds a lights on a market interpretations on a global scale which is further distributed through distribution channels, generated incomes sources and a marginalized market space where most trade occurs.

Along with a generalized market study, the report also consists of the risks that are often neglected when it comes to the Gig Economy and Sharing Economy industry in a comprehensive manner. The study is also divided in an analytical space where the forecast is predicted through a primary and secondary research methodologies along with an in-house model.

Download PDF Sample of Gig Economy and Sharing Economy Market report @ https://hongchunresearch.com/request-a-sample/110679

Key players in the global Gig Economy and Sharing Economy market covered in Chapter 4:
Couchsurfing
Lyft
Uber
Door Dash
Airbnb
Uber
Postmates
GoGoGrandparent
BlaBlaCar
Airbnb
Upwork
Task Rabbit
Fiverr
Lyft
SilverNest
Zipcar
Rover

In Chapter 11 and 13.3, on the basis of types, the Gig Economy and Sharing Economy market from 2015 to 2026 is primarily split into:
Gig Economy
Sharing Economy

In Chapter 12 and 13.4, on the basis of applications, the Gig Economy and Sharing Economy market from 2015 to 2026 covers:
Shared private car
Shared private residence
Independent contractor
Freelancers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2026) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10, 13:
North America (Covered in Chapter 6 and 13)
United States
Canada
Mexico
Europe (Covered in Chapter 7 and 13)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 8 and 13)
China
Japan
South Korea
Australia
India
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 9 and 13)
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Others
South America (Covered in Chapter 10 and 13)
Brazil
Argentina
Columbia
Chile
Others

For a global outreach, the Gig Economy and Sharing Economy study also classifies the market into a global distribution where key market demographics are established based on the majority of the market share. The following markets that are often considered for establishing a global outreach are North America, Europe, Asia, and the Rest of the World. Depending on the study, the following markets are often interchanged, added, or excluded as certain markets only adhere to certain products and needs.

Here is a short glance at what the study actually encompasses:
Study includes strategic developments, latest product launches, regional growth markers and mergers & acquisitions
Revenue, cost price, capacity & utilizations, import/export rates and market share
Forecast predictions are generated from analytical data sources and calculated through a series of in-house processes.

However, based on requirements, this report could be customized for specific regions and countries.

Brief about Gig Economy and Sharing Economy Market Report with [email protected]https://hongchunresearch.com/report/gig-economy-and-sharing-economy-market-size-2020-110679

Some Point of Table of Content:

Chapter One: Report Overview

Chapter Two: Global Market Growth Trends

Chapter Three: Value Chain of Gig Economy and Sharing Economy Market

Chapter Four: Players Profiles

Chapter Five: Global Gig Economy and Sharing Economy Market Analysis by Regions

Chapter Six: North America Gig Economy and Sharing Economy Market Analysis by Countries

Chapter Seven: Europe Gig Economy and Sharing Economy Market Analysis by Countries

Chapter Eight: Asia-Pacific Gig Economy and Sharing Economy Market Analysis by Countries

Chapter Nine: Middle East and Africa Gig Economy and Sharing Economy Market Analysis by Countries

Chapter Ten: South America Gig Economy and Sharing Economy Market Analysis by Countries

Chapter Eleven: Global Gig Economy and Sharing Economy Market Segment by Types

Chapter Twelve: Global Gig Economy and Sharing Economy Market Segment by Applications
12.1 Global Gig Economy and Sharing Economy Sales, Revenue and Market Share by Applications (2015-2020)
12.1.1 Global Gig Economy and Sharing Economy Sales and Market Share by Applications (2015-2020)
12.1.2 Global Gig Economy and Sharing Economy Revenue and Market Share by Applications (2015-2020)
12.2 Shared private car Sales, Revenue and Growth Rate (2015-2020)
12.3 Shared private residence Sales, Revenue and Growth Rate (2015-2020)
12.4 Independent contractor Sales, Revenue and Growth Rate (2015-2020)
12.5 Freelancers Sales, Revenue and Growth Rate (2015-2020)

Chapter Thirteen: Gig Economy and Sharing Economy Market Forecast by Regions (2020-2026) continued…

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List of tables
List of Tables and Figures
Table Global Gig Economy and Sharing Economy Market Size Growth Rate by Type (2020-2026)
Figure Global Gig Economy and Sharing Economy Market Share by Type in 2019 & 2026
Figure Gig Economy Features
Figure Sharing Economy Features
Table Global Gig Economy and Sharing Economy Market Size Growth by Application (2020-2026)
Figure Global Gig Economy and Sharing Economy Market Share by Application in 2019 & 2026
Figure Shared private car Description
Figure Shared private residence Description
Figure Independent contractor Description
Figure Freelancers Description
Figure Global COVID-19 Status Overview
Table Influence of COVID-19 Outbreak on Gig Economy and Sharing Economy Industry Development
Table SWOT Analysis
Figure Porter’s Five Forces Analysis
Figure Global Gig Economy and Sharing Economy Market Size and Growth Rate 2015-2026
Table Industry News
Table Industry Policies
Figure Value Chain Status of Gig Economy and Sharing Economy
Figure Production Process of Gig Economy and Sharing Economy
Figure Manufacturing Cost Structure of Gig Economy and Sharing Economy
Figure Major Company Analysis (by Business Distribution Base, by Product Type)
Table Downstream Major Customer Analysis (by Region)
Table Couchsurfing Profile
Table Couchsurfing Production, Value, Price, Gross Margin 2015-2020
Table Lyft Profile
Table Lyft Production, Value, Price, Gross Margin 2015-2020
Table Uber Profile
Table Uber Production, Value, Price, Gross Margin 2015-2020
Table Door Dash Profile
Table Door Dash Production, Value, Price, Gross Margin 2015-2020
Table Airbnb Profile
Table Airbnb Production, Value, Price, Gross Margin 2015-2020
Table Uber Profile
Table Uber Production, Value, Price, Gross Margin 2015-2020
Table Postmates Profile
Table Postmates Production, Value, Price, Gross Margin 2015-2020
Table GoGoGrandparent Profile
Table GoGoGrandparent Production, Value, Price, Gross Margin 2015-2020
Table BlaBlaCar Profile
Table BlaBlaCar Production, Value, Price, Gross Margin 2015-2020
Table Airbnb Profile
Table Airbnb Production, Value, Price, Gross Margin 2015-2020
Table Upwork Profile
Table Upwork Production, Value, Price, Gross Margin 2015-2020
Table Task Rabbit Profile
Table Task Rabbit Production, Value, Price, Gross Margin 2015-2020
Table Fiverr Profile
Table Fiverr Production, Value, Price, Gross Margin 2015-2020
Table Lyft Profile
Table Lyft Production, Value, Price, Gross Margin 2015-2020
Table SilverNest Profile
Table SilverNest Production, Value, Price, Gross Margin 2015-2020
Table Zipcar Profile
Table Zipcar Production, Value, Price, Gross Margin 2015-2020
Table Rover Profile
Table Rover Production, Value, Price, Gross Margin 2015-2020
Figure Global Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Global Gig Economy and Sharing Economy Revenue ($) and Growth (2015-2020)
Table Global Gig Economy and Sharing Economy Sales by Regions (2015-2020)
Table Global Gig Economy and Sharing Economy Sales Market Share by Regions (2015-2020)
Table Global Gig Economy and Sharing Economy Revenue ($) by Regions (2015-2020)
Table Global Gig Economy and Sharing Economy Revenue Market Share by Regions (2015-2020)
Table Global Gig Economy and Sharing Economy Revenue Market Share by Regions in 2015
Table Global Gig Economy and Sharing Economy Revenue Market Share by Regions in 2019
Figure North America Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Europe Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure South America Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure North America Gig Economy and Sharing Economy Revenue ($) and Growth (2015-2020)
Table North America Gig Economy and Sharing Economy Sales by Countries (2015-2020)
Table North America Gig Economy and Sharing Economy Sales Market Share by Countries (2015-2020)
Figure North America Gig Economy and Sharing Economy Sales Market Share by Countries in 2015
Figure North America Gig Economy and Sharing Economy Sales Market Share by Countries in 2019
Table North America Gig Economy and Sharing Economy Revenue ($) by Countries (2015-2020)
Table North America Gig Economy and Sharing Economy Revenue Market Share by Countries (2015-2020)
Figure North America Gig Economy and Sharing Economy Revenue Market Share by Countries in 2015
Figure North America Gig Economy and Sharing Economy Revenue Market Share by Countries in 2019
Figure United States Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Canada Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Mexico Gig Economy and Sharing Economy Sales and Growth (2015-2020)
Figure Europe Gig Economy and Sharing Economy Revenue ($) Growth (2015-2020)
Table Europe Gig Economy and Sharing Economy Sales by Countries (2015-2020)
Table Europe Gig Economy and Sharing Economy Sales Market Share by Countries (2015-2020)
Figure Europe Gig Economy and Sharing Economy Sales Market Share by Countries in 2015
Figure Europe Gig Economy and Sharing Economy Sales Market Share by Countries in 2019
Table Europe Gig Economy and Sharing Economy Revenue ($) by Countries (2015-2020)
Table Europe Gig Economy and Sharing Economy Revenue Market Share by Countries (2015-2020)
Figure Europe Gig Economy and Sharing Economy Revenue Market Share by Countries in 2015
Figure Europe Gig Economy and Sharing Economy Revenue Market Share by Countries in 2019
Figure Germany Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure UK Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure France Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Italy Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Spain Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Russia Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Asia-Pacific Gig Economy and Sharing Economy Revenue ($) and Growth (2015-2020)
Table Asia-Pacific Gig Economy and Sharing Economy Sales by Countries (2015-2020)
Table Asia-Pacific Gig Economy and Sharing Economy Sales Market Share by Countries (2015-2020)
Figure Asia-Pacific Gig Economy and Sharing Economy Sales Market Share by Countries in 2015
Figure Asia-Pacific Gig Economy and Sharing Economy Sales Market Share by Countries in 2019
Table Asia-Pacific Gig Economy and Sharing Economy Revenue ($) by Countries (2015-2020)
Table Asia-Pacific Gig Economy and Sharing Economy Revenue Market Share by Countries (2015-2020)
Figure Asia-Pacific Gig Economy and Sharing Economy Revenue Market Share by Countries in 2015
Figure Asia-Pacific Gig Economy and Sharing Economy Revenue Market Share by Countries in 2019
Figure China Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Japan Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure South Korea Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Australia Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure India Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Southeast Asia Gig Economy and Sharing Economy Sales and Growth Rate (2015-2020)
Figure Middle East and Africa Gig Economy and Sharing Economy Revenue ($) and Growth (2015-2020) continued…

About HongChun Research:
HongChun Research main aim is to assist our clients in order to give a detailed perspective on the current market trends and build long-lasting connections with our clientele. Our studies are designed to provide solid quantitative facts combined with strategic industrial insights that are acquired from proprietary sources and an in-house model.

Contact Details:
Jennifer Gray
Manager – Global Sales
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[email protected]

NOTE: Our report does take into account the impact of coronavirus pandemic and dedicates qualitative as well as quantitative sections of information within the report that emphasizes the impact of COVID-19.

As this pandemic is ongoing and leading to dynamic shifts in stocks and businesses worldwide, we take into account the current condition and forecast the market data taking into consideration the micro and macroeconomic factors that will be affected by the pandemic.”

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