Superannuation and SMSF advice

Superannuation is an investment structure that can be used to save for your retirement during your working life. Tax concessions are provided by the government to boost your retirement savings.

Most employees can choose which fund to have their compulsory employer Superannuation Guarantee (SG) contributions paid into. You should check with your employer to determine if you are eligible.

You may also wish to make additional payments into your superannuation account, but there are limits that apply on the amount you can contribute.

If you do not choose a fund, your employer will pay your contributions into a default superannuation fund that they have chosen. However, this fund may not meet your needs or goals. We can assist you to understand your options.

What kind of goals can superannuation advice be used for?

Superannuation is suitable for people who:

• wish to build retirement savings
• are eligible to contribute to superannuation
• have the capacity to save additional money
• are comfortable with not being able to access their savings until retirement.

Self Managed Superannuation Funds can also be suitable for people who wanted additional control of how their savings are invested. It’s important to note though that SMSF comes with added responsibilities that you should be aware of prior to setting one up.

Envision Financial Services provides superannuation and SMSF advice

If you have a question about Superannuation or Self Managed Superannuation or would like to make an appointment please contact us.