What you need to know

Superannuation is often the cornerstone that generates the income that people need in retirement. It is the one thing that you can invest in that is specifically designed for that purpose.  Despite this, without targeted advice, it’s often misunderstood, underutilised or entirely ignored.

At FinNest Financial, we specialise in retirement planning advice to help you make the most of the wonderful opportunities that superannuation offers. Superannuation laws are fast moving and constantly changing, so our ongoing support will help ensure that your strategies meet the ongoing challenges and opportunities that superannuation provides.

Maximising your superannuation

The government provides generous tax incentives to encourage Australians to invest in super with contributions being taxed at 15% rather than the personal income tax rate of up to 47%, including the medicare levy. You might consider setting up a salary sacrifice arrangement with your employer, allowing you not only to make superannuation contributions from your pre-tax salary but also potentially reducing your income tax bill.

Also for many, there is capability to make large voluntary contributions (known as ‘non-concessional’ contributions) to superannuation to prepare yourself better for generating greater retirement income. For example, if you receive an inheritance or windfall, or even sell an asset such as an investment property leading up to retirement, get the right expert advice from us at FinNest Financial to make the most of this opportunity. 

These are just a couple of the opportunities that superannuation can provide. It is never too late to take control of your superannuation, so talk to us about how our advice and support can make a real and tangible difference to your financial outcomes in retirement.

How much super is enough?

To calculate how much superannuation you’ll need in retirement, you will need to know:

• Your estimated life expectancy
• How much annual income you want to receive in retirement
• How much super you’ll need to produce that level of income.

At FinNest Financial, we can provide advice on the most effective way to build your super balance and achieve your retirement goals within your time frame.  We can give you clarity and comfort around the right strategies to employ in your individual circumstances to support your goals and make your retirement dreams a reality.

The sooner the better

Superannuation is one of the most tax-effective investments available. Because it is by nature a long-term investment, the sooner you start to contribute to it, the more time your money will have to grow. Over time you’ll earn interest on your interest, as well as on your regular contributions. The same rule that applies to investments also applies to superannuation– regular investing is the key to long-term growth.

Sound advice is the key to success

FinNest Financial are specialists in the area of superannuation - offering knowledge, expertise and experience. We’ll take the time to understand your individual circumstances and retirement goals, and then recommend appropriate superannuation strategies to help you achieve them. Click here to see examples of how FinNest Financial has achieved positive results for our clients.

To find out how to maximise your potential returns from super, call 07 3831 7629 or email us.