Superannuation / Retirement

ARE YOU SURE  YOU HAVE ENOUGH SUPER FOR YOUR RETIREMENT OR WILL YOU BE STRUGGLING?

IS YOUR SUPER INVESTED EFFECTIVELY OR ARE YOU LOSING MONEY ?

Did you know that your employer decides your super fund and how your money is invested? The choice may suit your employer but will it suit you?

For a free and no obligation general advice call Action Wealth on (+61) 1300 331 332 or click here to submit an enquiry. One phone call could save you thousands $$$$.

Understanding Superannuation / Retirement

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When the time comes to retire, it would be nice to feel confident that your life after work will be comfortable and that you will have the time and money to enjoy many things you weren’t able to do while working.

The age pension provides only a very basic retirement allowance that most people would find difficult to manage on. This is why it is important to take control and set you up for the future NOW by making regular personal contributions to your superannuation fund. Investing in super as early as possible reaps the greatest rewards as your money works for you over time. At Action Wealth we help you choose the super fund and investment strategy that best suits your requirements. If you currently have a super fund we can evaluate your existing arrangement ensuring it’s still right for you, earning you good returns.

For a FREE Superannuation Assessment phone (+61) 1300 331 332 or click here to submit an enquiry.

Taxation Benefits of Superannuation

The Australian government offers powerful tax incentives to encourage Australians to invest for their retirement into a superannuation fund. The Government will tax super contributions at a concessional rate (Currently 15% tax rather than the personal income tax rate of up to 46.5%) and there is no limit to how much money you can accumulate in super over your working life, but contribution caps apply.

You might consider setting up a salary sacrifice arrangement with your employer, allowing you not only to make extra super contributions from your pre-tax salary but also potentially reduce the tax on your salary.

When you reach 60 years of age you can withdraw all your super savings TAX FREE* (*Applies to taxed funds only).

To know about other tax benefits or Super structuring, contact Action Wealth Advisers.

Superannuation Contributions

If you’re an employee, your employer MUST by law, contribute a minimum percentage of your wages (Usually 9% and pending legislation changes will increase gradually to 12%) into a complying super fund (Including Self Managed Super Funds) on your behalf.

Some employers contribute more, and some employees contribute more through Salary Sacrificing arrangements with the employer. You can also make personal Super contributions from after–tax money if you wish.

How Much Super Do l Need For Retirement

Everyone’s different as to what’s expected from retirement, so it’s a complex question to say exactly how much Super you’ll need when you retire. Just some of the factors that need to be considered are:

–       What age do you plan to retire?

–       What is your estimated life expectancy?

–       How much annual income you want to receive?

–        What sort of lifestyle do you want?

–       Have you paid of all your debts?

–       Will you need additional money for other needs e.g. buying a new car or going on a holiday?

These and other factors contribute in calculating how much Super you need for retirement. So to retire on your terms, contact Action Wealth Advisers on (+61) 1300 331 332 or click here to submit an enquiry.

Action Wealth Advisers (and /or its representatives / agents) have access to a range of superannuation solutions to help you achieve your individual goals and grow your wealth over time, so that when the time comes for you to retire, your plans and lifestyle will become a reality

Advice Warning

The information on this web site / page is general information only and is subject to change. It does not take account of your individual objectives, financial situation or needs. You should consider, before making a financial decision or acting on this information to obtain financial advice specific to any financial investment or insurance decision. While care has been taken in the preparation of this website / page, no liability is accepted by Action Wealth Advisers, its related entities, agents, representatives and employees for any loss arising from reliance on this web site / page.