For most Australians, superannuation will provide a major source of income in retirement and is one of the most tax-effective ways to build your financial assets. Yet for the majority of us, the sad reality is that by the time we want to retire we won't have saved enough to achieve, or even maintain, the lifestyle we would like.
Start planning now
Whether you're just starting your career, raising a family, preparing for life after work or starting your retirement, it's important to seek financial advice. While there are many strategies to consider, the key is to start planning as early as possible so that you can maximise the opportunities offered by:
- salary sacrifice
- concessional and non-concessional contributions
- super splitting
- Government co-contributions.
Also, if you are looking for greater control and the ability to invest in different assets, a self-managed superannuation fund (SMSF) might be appropriate.
To learn more about superannuation, take a look at our range of helpful guides and tools.
How we can help you
At Shadforth, we can help make sure you're not missing out on opportunities to grow your superannuation today for the future you want tomorrow. We can help you identify the strategies that suit your circumstances and give your retirement savings a real boost. If you want your superannuation to work as hard as you do, please contact us today.