Superannuation

While on the surface, superannuation may seem quite straight forward and simple, it is actually deceptively complex and detailed. Importantly, we have a very high level of expertise and experience with regard to using and providing advice around all aspects of superannuation. Simply, superannuation works as a vehicle to accumulate wealth due to the concessional tax treatment of assets held within this legal structure. Tax will typically be an investors largest expense, so utilising investment structures such as superannuation, that greatly reduce or even eliminate tax, can ensure more of your wealth is provided for your benefit rather than being eroded by tax expenses.

There are three primary ways in which individuals may manage and invest their superannuation.

These are:

1. Via Industry Funds
2. Via Retail Funds
3. Via Self Managed Superannuation Funds (SMSF’s)

We predominately focus on the use of either Retail Funds or SMSF’s when working with clients.

Self Managed Superannuation (SMSF)

SMSF’s are the largest and fastest growing segment in the superannuation industry. The primary attraction of SMSFs is the ability to take greater control of retirement savings in addition to providing greater flexibility offered through investment options. We can assist with strategies to help access superannuation benefits in retirement and/or maximise wealth during the accumulation phase of superannuation while working. 

Importantly, Trustees of SMSFs are faced with many requirements to ensure their Fund is compliant with both regulatory and taxation legislation. To help ease this overhead, we also operate and provide an in-house SMSF administration service for our clients. This provides peace of mind and enables us to have complete transparency around the operation of the Fund. Having this transparency in-turn helps ensure that  potential financial planning strategies are always optimised in real-time.

Retail Funds

If the use of a SMSF is not appropriate (there are many reasons why this may be the case), then a retail superannuation structure may be appropriate. Typically, our preference is to use retail superannuation providers that enable us to invest directly in markets such as the Australian Stock Exchange (ASX) in order to more pro-actively and directly manage assets. In this way, superannuation money can be proactively invested in much the same manner that a SMSF affords.

Interested in learning more?

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