Superannuation
Superannuation
For many of us, Superannuation is the largest asset we have, apart from our homes. With a variety of contribution options, superannuation can be a complex area to navigate. Our financial advisors have access to hundreds of different superannuation funds throughout Australia.
This means we can provide you with the best advice to suit your individual needs. We provide you with regular updates and empower you to download the relevant apps so you can see for yourself in real time how your funds are going.
Our team of financial advisors can help you:
Understand your super fund and how it can benefit you
Find any lost super you may have
Consolidate your super into one account
Review your existing fund and find a new one if necessary
Improve your fund performance
Secure your financial future for retirement
Set up a self-managed super fund (SMSF) if applicable
Super regulations are changing constantly so it is important to get professional financial advice to plan for a more secure lifestyle in retirement.
Chat with us.
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.A Self-Managed Superannuation Fund (SMSF) is a type of private superannuation fund that enables individuals to manage their own retirement savings. Unlike traditional superannuation funds, SMSFs provide members with greater control and flexibility over investment decisions, allowing them to choose and manage a diverse range of assets, including shares, direct property, and fixed-income securities. SMSFs are regulated by the Australian Taxation Office (ATO) and are subject to strict compliance and reporting requirements.
While SMSFs offer increased autonomy, they also come with additional responsibilities and must adhere to the regulations outlined by the ATO to ensure the fund operates within the prescribed legal framework.
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If you’ve moved from overseas and have been working and living in Australia, your employer has likely been putting funds into a superannuation account to support your retirement. Withdrawing them depends on one thing: whether you’re a permanent Australian resident or not.
If you have become a permanent resident, your superannuation will be locked until you meet a condition for release. Often this is reaching preservation age and entering retirement.
However, if you’re a temporary resident and you leave the country, there is a way to claim the payment of your superannuation fund, but you have to meet a specific list of conditions.
Contact us to chat further about your options.
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Australians now have a higher life expectancy than ever before. Current figures show that on reaching the age of 60, the average man will live for another 28 years and the average woman another 30 years.
It is unlikely that the government-age pension alone will give you the financial freedom you want for the 25 or more years you are likely to spend in retirement. The Age Pension is designed to provide a basic income, but many people want a lot more from their retirement years including overseas travel, dining out, spending more time with their families and enjoying a more relaxed lifestyle.
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