Superannuation
Most people think of superannuation as a tax-favoured way of saving for your retirement. For most employees, it is compulsory. For self-employed people, it is optional. For everybody, it is a great idea.
But superannuation is about more than retirement planning. It is actually a fundamental part of most people’s financial plan. This is because ‘super’ touches every other aspect of your financial planning. The way you manage your super may impact on how you manage your insurances, your other investments, your tax planning, your retirement planning, your estate planning and possibly even how you repay your own mortgage.
It is super by name and even more super by nature.
There are many types of super funds including funds like retail funds, industry funds and self-managed superannuation funds. Different clients are suited to one or more of these types, and sometimes it makes sense to use more than one type in combination. We help you select the best type of fund structure for you. We then help you make best use of whichever option you take. This is important because super can and should be incorporated into your thinking about everything to do with your finances.
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Relevant Articles...
Account-Based Income Streams
Super is not supposed to be locked up forever. Super is intended to be withdrawn and used to finance your retirement. In this article, we take a closer look at withdrawing your super slowly over time, using an income stream.
Psst. I love you. Wanna Share our Super…
Most couples prefer not to think about ‘splitting.’ But, as the financial year ends, there is one form of splitting that happy couples can safely think about.
Winter means the end of the financial year!
Next week marks the start of winter and also the last month of what has surely been the most bizarre financial year in history. June 30 is a deadline for a whole range of things, so in this article we want to remind you of some of them. As the weather has gotten colder, why not make yourself a nice warm drink and read on.
Account-Based Pensions – Save the Other Half for Later?
In recent weeks we have discussed various Commonwealth responses to the Coronavirus. One response that has received relatively little ‘airtime’ is the announcement that people drawing account-based pensions from their super fund can reduce the amount they must withdraw in this and the coming financial year.