Superannuation
Superannuation is the cornerstone of a secure and comfortable retirement. It’s the financial foundation that allows you to enjoy your golden years with peace of mind. At our financial planning firm, we understand that building a robust superannuation strategy is essential for your future. Superannuation is more than just a retirement savings account; it’s a carefully crafted plan that, when structured wisely, can ensure you have the funds you need to achieve your retirement goals. Whether you’re just starting your career or nearing retirement, our expertise can guide you in maximising your superannuation, managing investments, and ensuring that your retirement dreams become a reality.
Retail / Industry / Corporate Super Funds
Choice of Investment Options: These super funds typically offer a broad range of investment options, allowing members to choose how their superannuation savings are invested.
Professional Management: These funds are managed by professional investment managers, often affiliated with financial institutions, who make investment decisions on behalf of members.
Fee Structure: These super funds may have a fee structure that includes management fees, administration costs, and potentially performance-based fees, so it’s essential to understand the fee schedule.
Insurance Options: These funds often offer various insurance options, including life insurance and income protection, which can be customised to suit individual needs.
Portability: Members of these super funds can generally keep their accounts when changing jobs, making it a portable and flexible option.
Online Access: Most funds provide online platforms, allowing members to monitor their accounts, make investment changes, and access statements conveniently.
Compliance and Regulation: These funds are subject to government regulations and compliance requirements to ensure the protection of members’ interests.
Self Managed Super Funds (SMSFs)
Complete Control: SMSFs offer members full control over their investment decisions, including asset allocation and investment strategy.
Limited Number of Members: SMSFs are designed for a limited number of members, typically up to four, making them suitable for small groups or families.
Diverse Investment Choices: SMSFs provide a wide range of investment choices, including direct shares, property, managed funds, and more, allowing for diversified portfolios.
Hands-On Management: Members are responsible for the day-to-day management and administration of the fund, including compliance with regulatory requirements.
Flexibility: SMSFs offer flexibility in estate planning and tax management, providing options for members to tailor the fund to their unique financial goals.
Costs and Fees: While SMSFs may offer cost savings for larger balances, they come with responsibilities and costs, including accounting, auditing, and reporting requirements.
Property Investment: SMSFs can invest in direct residential or commercial properties, offering a tax-efficient way to acquire real estate.
Compliance and Regulation: SMSFs are subject to strict government regulations to protect members’ interests and ensure compliance with the law.
Portability: SMSFs are portable and can be retained even if members change jobs or circumstances.
Pension Phase: SMSFs can transition into the pension phase, allowing members to draw a regular income stream in retirement.
