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.
Contact Us
Relevant Articles...
Preparing for Your Children’s Financial Future
Most parents worry about providing for their kids’ future. The specific way in which you save for your kids’ future might vary, but the essential principle is the same: the best way to help your kids is simply to maximise your own wealth.
Dear Abbey
We love reading those ‘Dear Abbey’ type letters to the newspaper. Especially the financial ones. Here is a classic we read recently – and what we would do if this were our client.
Psst – the Changes to Super were Pretty Sneaky this year
In years gone by, Federal Budget night could be relied on to pretty much re-write the rules on all things superannuation. Not so these days, with this year’s changes almost able to sneak past without anyone noticing.
Time to get organized: Non-concessional Super Contributions
As we said last week, the secret to good cooking is getting your preparation right. This week, we look at the issue of non-concessional super contributions and how you can aim to optimise this part of your super before June 30.