Superannuation
Frequently Asked Questions
- Can I access my super early?
- What is Salary Sacrifice?
- How can I consolidate my Super accounts?
- How can I increase my Super?
- How much Super will I need in my retirement?
- How much Super should my employer be contributing for me?
Superannuation is your money and it is a tax effective way to save for your retirement.
Apart from the family home, superannuation could be the biggest financial asset many people own.
It is important to take ownership of your superannuation and ensure that you are in the best possible position in the future. The earlier you start building your super fund, the more likelihood that you will increase your potential payout and be able to live the life you want after you finish work.
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
Warren Buffet
CASE STUDY
Khai and Julia came to see one of our financial consultants about SMSFs and property investing.
Our financial adviser learned they had investments in a retail super fund as well as a couple of investment properties.
After looking at their situation, our investment adviser recommended they leave some money in their current super fund, because it provided adequate personal insurance cover.
With the balance, we set up a SMSF for them. “That way, we were protected by insurance and taking control of our own money,” Julia says.
With the money in their SMSF, we helped them purchase two more residential investment properties.
Our financial adviser also identified that Khai and Julia – in their late forties – didn’t have a will, power of attorney or enduring guardianship. “We hadn’t really thought about it until our investment adviser brought it up,” says Khai.
We discussed estate planning to make sure their will was as tax effective as possible and recommended a solicitor who could draw up the documents for them. The estate plan we made for them has formed the basis of their will.
