With so many super choices, sometimes the easiest option is to do nothing. But rarely is the easy option the right one.
When we consider superannuation, we always start with structure. Are you with the right provider? Is it worth it to have a self managed super fund? What fees are really being charged on your super (hint: it’s probably more than you realise!).
The second step is to make sure you’re using the super structure properly. Superannaution as a vehicle has some great advantages, particularly from a tax perspective, but also has some limitations (such as locking up your funds until you meet a “condition of release”).
We run the numbers on whether you are going to have enough in your super to retire on, how long it will last, and if you should be putting more money into super, using strategies like salary sacrificing and transition to retirement.
All of that’s great information, but then you need a plan. One that gets you to where you want to be when you retire.
Once the money is in super, it needs to be working for you. We create an investment plan for your superannuation, with a focus on risk and return to help grow your fund and then keep it creating an income when it comes time to draw down on it.