Superannuation is a long-term saving plan designed to support you in retirement. Are you getting the most out of your super fund?
The 'trick' with superannuation is that you generally can't access your money until you are at least 55.
This means it keeps growing over the years for you to enjoy later. But it has limitations if you want more from your savings plan.
How does it work?
Your superannuation fund receives your superannuation contributions from your employer. You can also make voluntary contributions from your pay to increase your final payment. In some cases, there are tax advantages for doing this, however doing so depends on your situation and your goals.
The money in your superannuation fund is invested in the hope that it will grow, and in most funds you can have a say over how your money will be invested. For example, you may be able to choose to have your funds invested in shares, property, cash or fixed interest - or a mix of these. But returns can vary, do you understand what the most appropriate investment for you may be considering your goals and time of life?
We can help you better understand super and select a superannuation fund and investment options right for you, given your situation and goals, so you can achieve success in retirement.
Why is it important?
It's about saving for your future. As our life expectancy increases, many of us might have to fund a 30 plus year retirement. While there may be some type of age pension, it probably won't be enough to fund what you want from life. Many of us will need far more money than those before us to live a comfortable retirement.
The best part of superannuation is that if invested correctly it grows, and grows.
How much you have in superannuation will depend on the wise choices you make today.
Disclaimer: The information on this website is general information only and is not intended to be a recommendation. We strongly recommend you seek advice from your financial adviser as to whether this information is appropriate to your needs, financial situation and investment objectives. Whilst every care has been taken in the preparation of this website, 452 Pty Ltd, its directors, authors, consultants, editors and any persons involved in the construction of this website, expressly disclaim all and any form of liability to any person in respect of this website and any consequences arising from its use by any person in reliance upon the whole or any part of this website.