To ensure your retirement lives up to your expectations you need to ask yourself some basic questions:
- What type of lifestyle do I want in retirement?
- What arrangements have I made to fund this lifestyle?
- Can I afford to take the chance the Government will be able to keep me in the lifestyle to which I have become accustomed?
Superannuation is one way of planning for your retirement and Silvan Ridge Financial Services offers a range of superannuation strategies that may assist you in reaching your retirement goals.
It is now generally understood that all of us need to provide for our own retirement. The level of aged pensions may not be sufficient to maintain your lifestyle in retirement and you may not be able to buy that boat or take that holiday you planned.
Government legislation has resulted in Superannuation Guarantee contributions assisting to meet your needs after retirement. However, for many of us, this will not be enough to meet all our retirement lifestyle expectations.
To assist you in providing for your future, the government has made it attractive to save additional sums in superannuation. Taxed at the low rate of 15% superannuation compares well with most people's normal tax rate which can be as high as 48.5%.
Silvan Ridge Financial Services can help you to accumulate the money that is required for you to meet your financial goals in retirement by devising a tax effective plan and an asset allocation strategy (i.e. the proportion of shares, property, bonds and cash) that is tailored to your individual circumstances. This will take into account the length of time you will be investing and your willingness to accept volatility in your investments.
Read our document: Superannuation in plain English
Additional Contributions
Making additional contributions to your super fund, is an easy way to grow your super. Listed below are simple ways to do this:
Pre Tax Contributions to Superannaution:
- Superannuation Guarantee (SG)
- Salary Sacrifice Contributions
- Unsupported or Substantially Self Employed Contributions
After Tax Contributions to Superannuation:
- Undeducted Contributions
- Spouse Contributions
- Government Co Contribution
To obtain further information contact us
