Superannuation

This is arguably the best retirement investment available but people don’t pay much attention until they start to think about retirement. There are various stages to a working person’s life and there are opportunities to boost your super along the way. These opportunities include the government co-contribution, investing aggressively at a young age and salary sacrifice. Those who seek advice early could easily end up with a better nest egg at retirement.

There are different types of super funds available, industry funds, personal super funds and self managed super funds. Each one has its place depending on individual circumstances. In retirement, superannuation is normally converted into a pension whereby the fund pays a regular payment to the investor. There is also a pension that can be paid to working people over the age of 55 that has potential tax benefits.

Belmores is able to offer its client advice on superannuation, superannuation pensions and specialises in self managed superannuation funds. This is a complex area and the rules keep changing, do you want to risk the quality of your lifestyle in retirement?