Breakaway

FINAnCial planning

Superannuation
Why is super so important?

You might think of super as just 9.5% of your salary that you can't access. But it's important to remember - it's your money, it's just being held for you until you retire.

The main idea behind superannuation is to help you build a nest egg which you then use to create an income in retirement (or semi-retirement).

Including it as part of your financial plans can be important for a number of reasons:

  • The Age Pension may not be enough for a comfortable retirement
  • You may spend over twenty years in retirement and your money will need to last.
  • Because super enjoys the benefits of compound interest and a long investment time frame, it could be your largest asset by the time you retire.
  • The government is offering attractive tax incentives.

How tax-effective is super?
For most people, saving through super can be much more tax effective than saving the same amount outside super. Firstly, any contributions your employer makes (up to a certain limit) and any returns on your super are taxed at a maximum of 15%, rather than your marginal tax rate which could be as high as 47%.

Our Superannuation Advice
Our superannuation advice covers:

  • Ascertaining the appropriateness of additional superannuation contributions
    You may spend over twenty years in retirement and your money will need to last.
  • Superannuation strategies including retirement planning and maximising death benefit payments
  • Superannuation investment rules including borrowing for property in superannuation
  • Self Managed Superannuation Funds (SMSF).

HEAD OFFICE

Unit 1, 51 Township Drive Burleigh Heads QLD 4220



Telephone

1300 172 292 or
(07) 5520 6810



Fascimile

(07) 5677 0699

Email

andrea@bafg.com.au

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