Superannuation is a key part of building a secure future. Low tax rates on contributions and investment earnings mean that, for most people, superannuation is the best vehicle for long-term wealth creation.
Here’s our brief guide to the superannuation strategies that suit different stages of life.
Young, single and starting out
Retirement is a long way off, but starting early lays the foundations for future comfort.
- Maximise your Government co-contribution - it will add thousands to your super savings
- Review the insurance cover you have through your super
- Pick an investment strategy that suits your long-term risk profile.
Mortgaged with children
Your focus may be on repaying the home loan, but don’t forget your super entirely. Having a mortgage and young children means insurance should be a top priority.
- Review your death and total and permanent disablement insurance through your superannuation fund and make sure you have enough cover
- Check eligibility for a tax offset on spouse superannuation contributions and any Government co-contribution
- Review your investment strategy and risk profile.spouse superannuation contributions
Middle years
A higher income and a smaller mortgage open up the opportunity to boost your superannuation.
- Find out how salary sacrifice can lift your savings
- Review your insurance cover and investment risk profile.
Retirement boost
Over 55s enjoy some great incentives to contribute to superannuation.
- Consider easing into retirement with a transition to retirement strategy
- Combine salary sacrifice with a transition to retirement pension
- Investment earnings on your pension are tax free
- Start detailed retirement planning.
» More information
Down tools
You’ve made it. For retirees over 60, withdrawals and pension payments are tax free!
- Review your investment risk. Keep enough growth in your portfolio to ensure your money lasts as long as you do
- Review your insurance
- Keep active and enjoy life.
» More information
Time for advice
Personal financial advice is available to you through the Adviser Referral Program by calling us on 1800 555 667. Make sure your adviser is aware of major events in your life such as getting married, having children, buying a home or changes in your career.