Our products provide a smart and efficient approach to managing your superannuation, allowing members to achieve their retirement goals.
Personal superannuation is money that’s put aside and saved while you’re working, so you can enjoy a regular income later in life when you retire. These days, the average Australian may expect around 20 years of retirement. By investing money in a superannuation fund, you’re saving the money to live on when you’re no longer earning a wage. And the more you put away now, the more you’ll be able to spend in your retirement.
Under Australia’s superannuation law, your employer must pay the equivalent of 9.5% of your salary into a super fund. This is called the Super Guarantee scheme – and the level of compulsory super is gradually increasing to 12% by 2022.
It’s designed to help you build up and save for retirement, so you don’t have to rely on a government pension when you stop working.
Generally, you’re entitled to Super Guarantee contributions from an employer if:
• You’re 18 years old or over and
• You earn $450 or more (before tax) in a month
It doesn’t matter if you’re full time, part time or casual, an Australian resident or here on a working visa – as long as you fulfil the above criteria, you qualify for the Super Guarantee.
If you’re under 18 you must work more than 30 hours per week and earn $450 per week to be entitled to employer-paid super contributions.
Self-managed super funds (SMSFs) are a way of saving for your retirement.
The difference between an SMSF and other types of funds is that the members of an SMSF are usually also the trustees. This means the members of the SMSF run it for their own benefit and are responsible for complying with the super and tax laws.
We can help you to establish and manage our own Self-Managed Super Fund, including complying with superannuation and tax laws and reporting on a timely basis.
These days some people are looking for more control over how their super is managed. If you’re thinking about it, the best place to start is with your Industry SuperFund, because they act in your best interests.We can help you make the right decision and might even have what you are after.