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Superannuation
We make sure that your super Performance maximised for your financial goals.
What is superannuation?
Superannuation is money saved during your working life for you to live on when you retire. When you start working, your employer pays money towards your superannuation generally into an account of your choice.
Why do you need superannuation?
For many people, superannuation is their main form of income when they retire. That’s why it’s important to have superannuation savings and to add to it when you can so that you’ll have enough money to live on when you retire.
Superannuation has become increasingly important over the years as successive federal governments realize that the age pension cannot provide adequate retirement income for all Australians. Superannuation is the foundation of financial security. Not just the security of having enough to live on in retirement, but the peace of mind that comes from having adequate resources to meet any unforeseeable circumstance in life, including time out of the workforce, sickness, permanent disability and death of a family member.
Actively managing your superannuation
Whether your superannuation is a self-managed fund or an industry fund, it is still your money and needs to be managed. Too often, busy professionals don’t priorities the review of their super’s performance and the actions needed to ensure their funds perform, leaving it to turn over, year-in, year-out.
Since the global financial crisis (GFC), superannuation funds have been hit hard. Many people have had to postpone or change their retirement plans as their superannuation provisions are no longer sufficient to meet their retirement income goals. Some have even been forced to sell their investments prematurely in order to meet unexpected expenses. For some people, the GFC has awoken them to the importance of actively managing their superannuation savings
Boosting your superannuation smartly
The concessional tax treatment of superannuation makes it an attractive investment to build your financial security. Strategies can include splitting superannuation with your spouse and maximizing the government co-contribution.
Each individual’s circumstances are different, with tax considerations, long-term financial goals and risk profiles to be considered. A financial planner can help you understand complicated concepts such as contribution caps and salary sacrifice arrangements.
Personal Insurance Advice:
Life insurance offers you Long-term Savings which will give huge benefit later, feel allowed to make inquiry.
At Milestone Wealth Financial advice, we know that a sound financial strategy has to include preparing for things you hope will never happen: loss of income, accidents, and yes, even death. You need to know that your family, your assets and your income stream are protected if the unexpected happens. Insurance is key to this protection.
The best insurance products for your needs
As part of your financial plan, we'll take into account your circumstances and recommend the best mix of personal insurance products for you. That might include life insurance, trauma cover, total and permanent disability insurance, or income protection insurance