Retirement may seem like a long way off, 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.
Some common questions to consider are:
- How many superannuation funds do I have?
- How is my superannuation invested?
- What fees apply to each fund?
- What contributions are being made to your fund?
- Do my superannuation fund(s) include any personal insurance?
- Can I take advantage of the Government's co-contributions?
We can assist you in putting the superannuation jig-saw back together. Once we gather this information we can then provide you with advice as to which superannuation fund is best for your needs. We can then go on to advise you in relation to your underlying investments within your fund, making tax effective contributions, accessing the government co-contribution if possible and reviewing insurance options. All of these things can make a huge difference to your financial plan.