Super & Retirement Planning

Get the most out of your superannuation

Next to buying a house, superannuation is likely to be the second biggest financial investment you will ever make. It is designed to help you achieve financial independence in retirement, and is therefore an important part of your long-term financial plan. Here are some key strategies that may help you get the most out of your superannuation:

Consider a transition-to-retirement strategy - Age 55 and over is an important time and  it is the earliest age a person can access their super.  There are a number of opportunities to build your wealth no matter what your personal circumstances and we can help you take advantage of tax effective strategies to boost your super savings for a better retirement. 

Consider making additional payments into your super - You can make additional contributions directly from your salary as a ‘salary sacrifice’, or contribute by direct debit, cheque and bank transfers. Topping up your super with additional contributions can make a big difference to the balance of your superannuation.

Consolidate all your superannuation funds into one - If you have had more that one job in your life, you have probably had more than one superannuation fund. By consolidating all your funds into one account you may reduce ongoing account and fund management fees, and maximise the investment potential of your superannuation.

Take advantage of the wide range of investment options available to you - Most superannuation plans offer a number of investment options including managed funds and direct shares. The right option will create a balance between your willingness to take risk, and the return you desire. 

Consider life insurance cover as part of your superannuation plan - As the premium for this life cover is tax deductible inside your fund, it can be a tax effective way of protecting you and your family.

Superannuation is the most tax-effective way to save for your retirement, and making the right financial decisions in the years leading up to retirement is critical.

We help you prepare for retirement with a strategy designed to maximise your retirement savings to ensure you are on track to achieve the lifestyle you desire when you stop working.

Once in retirement, we continue to work with you to ensure your assets remain invested appropriately in order to maximise your income. We also assist you to understand any Centrelink benefits you may be entitled to.

To learn more please visit our dedicated wealth management advice portal here

Any advice on this page is of a general nature and does not take into account your personal objectives, financial situation or needs. Accordingly you should consider how appropriate the advice is to those objectives, financial situation and needs before acting on the advice and, before acquiring any financial product, you should read the relevant product disclosure statement. Financial advisory services relating to superannuation, retirement planning, personal insurance, and investment are provided by Pacific Advisory Wealth Management Pty Ltd ABN 83 131 918 342, an Authorised Representative of Hillross Financial Services Limited ABN 77 003 323 055 (AFSL 232705). Mortgage Solutions and finance broking activities are provided by Pacific Advisory Lending Pty Ltd ABN 34 136 841 702. Contractor Management and Business Consulting services are provided by Pacific Advisory Consulting Pty Ltd ABN 97 133 025 653.