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Super and SMSF

Superannuation is a great way to save and invest for your retirement.  

A Gold Leaf Financial Planner can provide financial advice regarding

Retirement funding:  how much money you will need to fund your retirement

Super strategies:  including additional super contributions, salary sacrifice, transition to retirement pensions, the government super co-contribution and more.

Self Managed Super Funds (SMSF):  Advice and assistance managing your SMSF including investment strategy and insurance considerations. Also whether to establish a SMSF,  note that for an SMSF as a general rule you will need a super balance over $200,000 and you will need to be comfortable with the added responsibility of being a SMSF Trustee.  

Additional super contributions:  (within the super contributions limits) in order to save for retirement, including salary sacrifice, personal concessional contributions and personal after tax contributions

Investments:  reviewing your super fund investments to make sure your retirement savings are working for you and are invested according to your values

Organising your super:  to make your accounts easier to manage.  You may have a number of super accounts and in some cases, it is appropriate to consolidate your super into one account to save fees.  However before closing any super accounts it is important to check with your super fund if you hold insurance cover as it may be appropriate to keep the fund open to retain your insurance.

 

Projections:  when you can retire and how long your super will last in retirement

Super pension:  starting a pension with your super savings to provide income, and

Insurance:  reviewing your insurance cover through super to make sure you and your family are protected in the event of illness, death or disability

 
Appointments

For financial advice to help you reach your dreams.

Sam and Alice plan for retirement

 

When their youngest child Tim moved out of home to study at university, Sam and Alice started to think about the next 15 years leading up to their retirement. Sam and Alice would like to continue their current lifestyle and want to make the most of their additional savings, especially now that Tim is mostly independent.  When they retire they would like to renovate the kitchen, continue to enjoy good food and wine, and volunteer as board members with their favourite community and environmental groups.  They both like sailing, playing tennis and they are learning photography.  Sam and Alice would also like to travel to see the French Open and Wimbledon, and take photography tours of Africa, Canada and Antarctica.

 

Sam and Alice saw a Gold Leaf Financial Planner and discussed their values and goals.  Their adviser recommended keeping their super fund but changing the investments to make sure it was invested in line with their ethical values and that it would grow for retirement.  The adviser also recommended making additional mortgage repayments and salary sacrificing to super.  Sam and Alice will also take some of their long service leave in the next few years to travel to the French Open and to Antarctica as part of enjoying life now.

 

By following their financial planner’s recommendations, Sam and Alice will be debt free in five years and have an extra $900,000 at retirement.  They will have income in retirement to enjoy good food and wine and there will be funds available for kitchen renovations and overseas travel.

Value the Future

Contact a GOLD LEAF Financial Planner today.
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