Let us help find the right Superannuation product for your needs.
What Is Superannuation?
Superannuation is a way to save for your retirement. The money comes from Superannuation Guarantee Contributions (SGC) made into your super fund by your employer and, ideally topped up by your own money.
Your employer legally must pay the current 9.5% SGC payments into your Super fund. The Government has recently just introduced new laws that will see the compulsory SGC amounts increase to 12% by 2019
Can You Choose Your Super Fund?
Most people have the option of choosing their own fund for their employer’s super contributions to be made into. However, some people who are covered by Industrial Agreements and members of a defined benefit fund don’t have this choice.
If you do have a choice of funds, your employer will give you a ‘standard choice form’ when you start work.
Choosing a super fund is important. Pick the right fund and you’ll be set for a long, happy and comfortable life when you retire. Choose the wrong fund and you’re likely to suffer financially.
How Is Your Super Money Invested?
Money within super is invested by the fund manager. Most super funds offer a variety of investment options.
You have the choice of how your monies are invested inside your Super fund. You can choose whether you would like to take a riskier approach to the investments within the market or take a more conservative approach with fixed interest and cash. You can change your level of risk within Super at any time.
How We Can Help You
- We can review the performance of your current fund in relation to your goals taking into account how close to retirement you are.
- Make recommendations about your Super arrangements, based on your goals and circumstances.
- Recommend alternative Super Fund Providers for you to consider.
- Review your Insurance opportunities through your Superannuation Fund.
Benefits Of Super
Save For Your Retirement
Start saving for your retirement early. The longer you have to save, the more chance your savings have to grow.
Superannuation is taxed at the lowest tax rate, which can create tax savings to people contributing additional monies out of their pay before tax is taken out. As well as being more tax effective than other types of investments.
Depending on your Salary package if you contribute your own money into Super, you could receive additional money paid by the Government.
Cheaper Risk Insurance
You may be able to get Life, TPD and Income Protection Insurance through your Superannuation at a cheaper rate than if you bought it outside of Super.