Your superannuation fund can be the most tax effective investment structure available to you, but if you’re like most, you may not pay much attention to it until your retirement approaches. However, there are various stages to a working person’s life and there are opportunities to boost your super along the way. Our focus is to help you build strategies and investments within your superannuation fund that will give you a financially secure retirement
These strategies include:
- The government co-contribution
- Investing aggressively at a young age
- Salary sacrifice
- Choosing your own range of investments including direct shares, property and term deposits that match your risk appetite
- Changing your investments within superannuation as investment markets and your personal needs change over time. Those who seek advice early could very well end up with a bigger nest egg at retirement.
There are different types of super funds available; industry funds, personal super funds and self-managed super funds. Each one has its place depending on individual circumstances. In retirement, superannuation is normally converted into a pension whereby the fund pays a regular payment to the investor. There is also a pension that can be paid to working people over the age of 55 that has potential tax benefits.