Take control of your Super

Superannuation is important … because it’s your money for your retirement

When you start off in the workforce, you might not have much in your superannuation fund. And your retirement may seem like it’s a long way off. So it’s easy to forget about your super savings.

But things change. As your employer and personal contributions add up over the course of your working life, your super could grow to become your largest single investment after the family home.

Super’s low-tax framework is designed to help build up your nest egg so you don’t have to rely on the basic Age Pension to make ends meet in retirement.

After a lifetime of hard work, many people don’t want to be scrimping and saving in retirement. They want to maintain a decent standard of living, with enough money to spend time with family and friends, enjoy a range of leisure activities and reward themselves with a few overseas trips.

The Age Pension may not provide you with the retirement lifestyle you are seeking.

So taking a few simple steps now can put you in control and on the path to enjoying the retirement lifestyle you want.

Getting your Super sorted

Yes…retirement may seem like a long way off, it could be just around the corner, but putting money into super now is still a tax effective way to invest your money. That’s because some types of contributions you make, and the investment earnings on those contributions, are taxed at concessional rates.

Not only is super a tax effective way of saving and investing, but you can benefit from the effects of compounding returns.

 

Common questions to consider

  • When should I start contributing?
  • Should I salary sacrifice?
  • Are there benefits if I contribute for my spouse?
  • Are there benefits in consolidating my super funds?
  • How can I check whether I have any lost super?
  • When should I think about topping up my superannuation?
  • Can I take advantage of the Government’s co-contributions?

How we can help

  • Review the performance of your current super fund in relation to your goals
  • Make recommendations based on your goals and circumstances.
  • Recommend alternative fund providers – superannuation products.
  • Review any insurance opportunities including buying insurance through your superannuation fund.
 

What to do next

If you want us to help you get your super sorted contact us today.

 

Super choice

Many Australians are now free to choose their own superannuation funds instead of automatically becoming members of their employer fund. This is known as super choice, or choice of fund. But what does it really mean for you and what difference does it make?

 

Common questions to consider

  • What is a choice of fund?
  • Am I eligible to choose my super fund? If so, what do I do?
  • What is a ‘default’ fund?
  • What happens if my employer doesn’t make contributions to the fund I choose?
  • What happens if I don’t make a choice or make an invalid choice?
  • When will my employer start making payments into my Choice Fund?
  • Can my employer reject my choice of super fund?
  • How often can I switch to another super fund?

How we can help

  • Advise if choice of superannuation fund laws affect you.
  • Review the performance of your current superannuation.
  • Make recommendations about your super arrangements, based on your goals and circumstances.
  • Recommend alternative fund providers – superannuation products.
  • Review any insurance opportunities including buying insurance through your superannuation fund.
 

What to do next

If you want us to help you get your super sorted contact us today.

Call us today at (08) 8563 2874 or Email us at admin@barossafs.com.au

It’s about every-day people in our community with real-life worries and forward thinking.

Contact us