You cannot escape retirement and nor can you rely on the State for long to financially support you in retirement. Building your own superannuation is paramount.

• As Super enjoys the benefits of compounding returns over a long investment timeframe, it could be your largest asset by the time you retire
• The Government is offering attractive tax incentives
• Because of on-going medical improvements you are expected to live longer - for over 20 years in retirement and your money will need to last
• The Age Pension may not be enough for a comfortable retirement ($14,915 p.a. for a single person from 20 Match 2009)
• Baby boomers are starting to retire and by 2047, 1 in every 4 Australians will be aged 65 or over; the size of the labour force compared to retirees is expected to reduce by more than half. As a result Government Age Pension and Healthcare system will be under extreme pressure

Hence the fundamental objective of SUPERANNUTION - helps you build a nest egg which you then use to create an income in retirement (or semi retirement), thus making you a self-funded retiree.

Salary Sacrifice Strategy
Transition to Retirement Planning
Super Choice
Superannuation Contributions from Small Business Events
Self Managed Super Fund
Real Property within Superannuation

Salary Sacrifice Strategy

This is one way of beefing up your super balance tax effectively. You arrange with your employer to forego part of your salary in return for your employer making a similar amount as an additional super contribution. When making a salary sacrifice, you effectively reduce your gross taxable salary and let the sacrificed amount be favourably taxed at a flat concessional rate of 15% inside your superannuation than if taken as salary. You however cannot generally access any money you so contribute until your reach your preservation age and retire from work.

We help you decide whether this strategy suits your situation and also help you with the setting up.

Transition to Retirement (TTR) Planning

Until June 2007, you could only access your super once you turned 65 or retired. With the new rules effective 1 July 2007, if you have reached your preservation age (generally 55, but is increasing over time), you could withdraw some or your entire super over in to a retirement income stream, while you are still working.

The pension income attracts less tax and is tax-free after age 60. Investment earnings and capital gains on that part of your super used to fund the TTR pension are also tax-free.

This measure if combined with a salary sacrifice strategy if you are still working can be even more powerful. Because your salary sacrifice contributions are taxed at a lesser rate when they go into your super, you can direct part of your work income in to your super and replace it with a transition to retirement pension. This could mean being substantially better off in retirement without compromising your lifestyle now.

By putting in place, a TTR strategy combined with a salary sacrifice strategy, we could really put you ahead of the pack.