Superannuation & SMSF

Superannuation. It’s something you probably have but do you know exactly how much money you have in your superannuation fund – and what amount you will have access to when you retire?

The worrying truth is that many people don’t know the details of their superannuation investments and if that sounds familiar, you might be at risk.

Superannuation, also known as super, is a compulsory retirement savings scheme in Australia. It is a system that helps people save money for their retirement. Under the Superannuation Guarantee Scheme (SGS), employers are required to contribute a percentage of an employee's ordinary time earnings to their superannuation fund.

Your superannuation can be managed by an industry or retail provider, alternatively you could choose a self-managed super fund (SMSF), which is a type of superannuation fund that you manage yourself

A self-managed super fund (SMSF) is a type of retirement savings plan that you manage yourself. SMSFs are more complex than superannuation funds, but they offer greater control over your investments and your retirement income. SMSFs are also more tax-efficient than superannuation funds.

There are many benefits to having an SMSF, including:

• Greater control over your investments: SMSFs allow you to choose the investments that are right for you. This gives you greater control over your risk exposure and your potential returns.
• Tax efficiency: SMSFs are more tax-efficient than superannuation funds. This means that you will keep more of your money in retirement.
• Flexibility: SMSFs are more flexible than superannuation funds. This means that you can change your investment strategy as your circumstances change.
• Legacy planning: SMSFs can be used for legacy planning. This means that you can pass your SMSF on to your beneficiaries when you die.

By educating you about the finer details of your current superannuation investments, we can help you understand the big picture of what your retirement lifestyle might look like – and help you find smarter ways to manage your money, if needed.

Professional superannuation advice is an important part of enjoying your secure financial future and our client-focused approach to your superannuation issues gives you access to a range of investment options to suit your circumstances.