Taking an active interest in your superannuation early is critical to ensuring you can achieve your goals. How much you need to enjoy a comfortable lifestyle in retirement will depend on factors such as your life expectancy, your accumulated assets and your expectations. Chances are your employer contributions are not going to be enough and you may need to look at making additional contributions.
“We are a Self Managed Super Fund specialist practice”
The good news is that if you start early, even minimal personal contributions will make a significant difference to your retirement income. Personal contributions to your superannuation can be made from your pre-tax salary (salary sacrifice) or from your post-tax salary, but superannuation can be complex and different taxation rules apply to each method of contribution. Depending on your financial situation, one may be better for you.
Our FPA accredited financial planners can discuss your options, including personal super investments and self-managed super funds (SMSF), to find out what works best for you.
Your Investment Options:
- Managed Funds
- Term Deposits
Within these broad categories there are more options available to you. Reaching your ultimate goals will depend on the amount you have to invest, how long you are willing to invest, and risks you are willing to take.
The options can be overwhelming but discussing your situation with a Statewide Wealth financial planner will provide clarity and understanding.