Superannuation
Two funny things about super:
- It’s not an investment; and
- It’s not yours.
What does that mean? Well, superannuation is a tax-effective investment vehicle for retirement managed and therefore owned, by the Trustee for you, the beneficiary.
In English, (1) it’s a low-tax environment for retirement savings; and (2) you can have a lot of say over what happens to it and how it is managed.
If you don’t want to think about super and you have a job where your employer makes payments on your behalf, that’s fine. However, you may find in the future that a hands-off approach didn’t get you to where you want to be.
To avoid that, a thorough review of your super today is a good place to start. These details can be quite overwhelming:
- What exactly do you need your super to do for you?
- Which fund should you use?
- Which investment options fit your goals, not just your attitude to risk?
- When can you hope to retire?
- Should you make extra contributions?
- Should you consider a self-managed fund?
At Prospur Financial, we work with you to answer the above questions, considering your personal situation and the things that matter to you most. We then make a tailored plan to help you toward the life you hope for and dream about.
Superannuation is a key pillar of retirement planning due to the significant tax benefits available. If you are interested in getting a better understanding of your super, please click on the Contact Us page. We’d love to hear from you.