Superannuation, one of your best assets
Superannuation is money that will let you enjoy the time of your life when the time comes to retire, so take control of your super today.
There’s a lot to love about super – it’s your nest egg that is growing for the future. Best of all, it’s your money and you have control over how it is invested at every stage.
What’s so special about super?
Everything! During our working life, your employer makes contributions to your super fund. How easy is that? This money is invested in the way that you choose, giving your super savings the benefit of compounding investment returns – which means you can generate returns over time on your reinvested earnings.
Money for a rewarding retirement
When you retire, your super offers a source of cash to fund the lifestyle you want to lead in your retirement years, whether that be taking a world trip, renovating your home, exploring new hobbies or simply enjoying a relaxing lifestyle.
Super is tax-friendly
Money held in super is lightly taxed. This is a real plus because more of your money goes to work investing for your future. Super can also be a tax effective way to pay your life insurance premiums.
Pick your investment strategy
Just because your super is designed for retirement doesn’t mean you don’t have control over the money today. You can – and should, let your fund know how you’d like your super invested by nominating the investment strategy that suits your goals.
It’s worth choosing the fund that suits you
The vast majority of workers have the freedom to choose their own super fund, and it’s definitely something worth doing. It will help you keep track of your super and let you and your family enjoy the protection of a low cost life insurance strategy that has been tailored to meet your needs.
Consider adding a bit extra
You have the flexibility to add extra contributions to your super, and this is an easy way to grow your nest egg over time. Even small additional contributions can grow to something big by the time you retire.
Planning Your Retirement
Investing for retirement from an early stage lets you enjoy the benefit of compounding returns.
Superannuation is an ideal investment for retirement, and there are some easy ways to build super that can make a substantial difference to your final nest egg.
Investments held outside of super can also be a source of retirement income. The downside is that independently held assets – like shares, a rental property or cash savings, don’t usually offer the same generous tax breaks as super.
A range of social security payments including the age pension, provide a financial helping hand in retirement. These payments are generally subject to eligibility criteria, and government support is pitched at a minimum standard of living – not a high quality retirement. That’s why it’s so important to make your own plans to fund retirement.
There are so many ways to plan your retirement. Talk to us to find the right way to make your dream comes true.