Growing your super

Put simply, superannuation is money for your retirement. Think of it as a form of savings, where money is set aside by you and your employer, and invested for you to enjoy and access in your retirement years. 

Super is generally considered one of the best long-term investments. Money from your super fund could be typically invested in a range of assets such as cash, property and shares.

What are the advantages of super?

Super has a range of benefits including:

• Your employers may contribute a minimum of 9.5% of your earnings to your super fund
• You can choose to add your own regular contributions
• Earnings are generally taxed at a lower rate compared to other forms of investments
• Your access will usually be restricted until you retire, so there’s no temptation to dip into your savings
• You could be eligible for tax deductions.

Getting the most out of your super

Come and chat to our team of financial advisers and they’ll provide sound advice on the super options available to you, and help you calculate how much money you will need in retirement to fund your lifestyle.

They’ll also work out a tailored strategy for you to ensure you’re maximising your super returns. This may include:

• Helping you consolidate your super accounts 
• Forming strategies to increase your personal contributions
• Helping you with salary sacrifice options
• Access potential tax concessions.