Superannuation is a tax effective way to save for your retirement.

Before the introduction of compulsory superannuation in 1992, income in retirement was generally reliant on personal savings and investments with a means-tested Government age pension system as a safety net.

With demographics shifting toward an aging population, reductions in personal saving rates and a trend toward increasing household debt, the anticipated increase in age pension payments would potentially place an unaffordable strain on the Australian economy.

Under a set of reforms aimed at addressing Australia’s retirement income policies, the compulsory Superannuation Guarantee (SG) was introduced into industrial awards to create a pool of savings designed specifically to provide income when you retire.

What are the types of superannuation funds?

  • MySuper
  • Industry Super Funds
  • Retail Super Funds
  • Corporate Funds
  • Public Sector Funds
  • Self-Managed Super Funds (SMSFs)

When can I access my super?

  • After you reach your preservation age.
  • In times of financial hardship.
  • On compassionate grounds.
  • If you’re a temporary resident permanently leaving the country.
  • If you are terminally ill or permanently incapacitated.

How are contributions made to superannuation?

  • Employer Contributions
  • Salary Sacrifice Contributions
  • Personal Contributions

How much will I need in retirement?

  • The Australian population is living much longer these days. It is essential that you set goals early and have a clear plan to help you achieve them. Having a plan in place will help determine if you are on track to reach your desired goals and make adjustments if you’re not.


Book a meeting today and begin planning your financial future