SUPERANNUATION

Superannuation is all about individuals saving for their retirement. It is a long-term investment where your money is preserved usually until you retire, and is designed to help you maintain your standard of living in retirement. For most people, superannuation is their largest single investment after their own home.

Superannuation is an investment like any other, but has a particular importance because it helps you to achieve an adequate income, in a lower taxed way, when you retire and can enable you to continue to lead the lifestyle you want.

Why is Superannuation Important?
Superannuation is one of the most important investment decisions that a person will make in their lifetime. Due to an ageing population and an increasing average life expectancy, it is unrealistic to expect that the Government will be able to provide for us all during retirement. Superannuation is one of the most tax-effective ways that we can save for a comfortable lifestyle in retirement.

Generous tax benefits available both when you contribute to super and during retirement, mean that money invested can last over many years longer in retirement, than if it was invested in the same way, outside super.

How do I Save, and How Much?
Superannuation contributions can come from various sources: contributions made by yourself, contributions made on your behalf by your employer, contributions made on your behalf by your spouse, or Government co-contributions, whereby the government matched personal contributions made where eligibility has been met.

The first step toward successful investing is to identify your financial goals. What sort of lifestyle do you wish to have during retirement? Obviously you will need a higher retirement income if you want to take an annual overseas holiday, buy a new car or take up new hobbies.

The second step is to create a clear Financial Strategy that will help you to achieve your goals, and stick to it. Once you have decided on a retirement income figure, we will be able to identify your investment period and then select investments which best match your needs.

Your investment timeframe and risk profile as well as your tolerance level for market volatility which you are prepared to accept will also be taken into account when selecting suitable investments.

To discuss your superannuation needs or to obtain more information on how best to administer and manage your superannuation investments, contact AUGEO Wealth Management on 02 4984 5545 for a confidential risk-free consultation.