Super / Superannuation in Australian is a way for people to save money for retirement. Most Australian start their own super when they first begin to work and their employers start to pay a portion of employees’ salary to their own super fund, which is known as super guarantee contribution.
Many people do know that they have a super fund and it accumulates for retirement when they are working. However, most of them just don’t spend much time to understand their super fund a bit deeper until they are old enough to worry about retirement, which could be too late for seeking super advice.
Super Planning / Super Advice at CLY Financial Planning
At CLY Financial Planning, our professional Super Advisor / Financial Advisor help clients with their questions regarding super planning and super strategy all the time. The most popular queries that we are dealing with everyday includes clients want to know
- How is their super invested?
- How can they make super contribution?
- How is the risk managed in their super?
- How is estate planning in their super?
- How can the super help their retirement?
- Whether they will have enough super for retirement?
Super planning / super strategy is a complex area, where many factors will need to be considered to determine whether the super is properly structured to suit clients’ retirement needs.
Super Contribution Strategies
Our super advisor always suggest clients to do super planning as early as possible to make sure their super always on track, and different super contribution strategies can be utilised according to clients’ circumstance all along the way. The types of super contribution include
- Super guarantee from salary
- Salary sacrifice into superannuation
- Personal super concessional contribution (deductible)
- Personal super non-concessional contribution
- Spouse contribution
- Contribution split
- Government superannuation co-contribution
- Low income super contribution
Insurance Through Super
Superannuation tax concessions often make it more tax effective for you to pay for your insurance premiums with your superannuation, rather than purchasing Insurance outside of superannuation. Also, as premiums are deducted from your superannuation account, insurance cover does not affect your back pocket. However, it will reduce your superannuation savings, so you should speak with our CLY Super Advisor / Financial Adviser to help decide if this is the suitable strategy for you
Super Investment
How your Investments perform in super will directly affect whether you will accumulate enough wealth to fund Retirement. Nowadays, more and more investment choices are becoming available in super funds, which makes it difficult for many people to choose. That’s why our CLY Super Advisor is here to assist you with our professional financial knowledge and experience. We will help you structure your super investments properly to achieve your personal retirement goals and objectives.
Please don’t leave your super planning sleeping aside any more! Proper structured and well planned super could play a crucial part in your future retirement life. Please Contact our Super Advisor / Financial Planner from CLY Financial Planning if you are interested or want to know more about super planning or super strategy.