Superannuation is an indefinitely continuing fund designed to accumulate capital during a working lifetime to provide an income after retirement. Superannuation is favoured by the government as a preferred method of saving for retirement and as such concessional tax treatment is therefore given to Superannuation funds. Superannuation is a tax effective way of building wealth for your retirement and providing you with an income in retirement.
At Compass Financial we can review your current Superannuation funds in order to establish if you have the most appropriate Superannuation solution for you. This includes investigating the fees you are paying, the investments that you have and the flexibility of your fund. All of these factors can make the difference between a fund that will work for you to achieve your financial objectives and one that will not.
We are able to provide advice on Superannuation products and Self Managed Superannuation Funds and whether it is more appropriate for you to utilise managed or direct investments. We can also advise on Superannuation strategies such as salary sacrifice, transition to retirement pensions and receiving a tax-free income in retirement.