Superannuation & Investment Advice

Superannuation, or ‘super’, is a way to save money for your future. It is important to understand how much super you’ll need, and how to best manage the money for your retirement.

Through super, you can hold a wide range of investments such as shares, property and cash.

Superannuation is attractive because it receives favourable tax treatment, both when you are working and once you have retired. The government offers these tax savings to encourage you to build your super assets.

Employers must pay superannuation contributions on behalf of their employees. You can also choose to add money into superannuation out of your own pocket. If you are self-employed, you can choose whether to contribute to superannuation.

 

 

The tax benefits of super include:

  • Contributions made to super may attract a tax deduction, Government co-contribution or tax offset
  • Investment earnings are taxed at a maximum of 15%, rather than your marginal tax rate of up to 46.5%. Capital gains are taxed at a maximum rate of 15%.
  • Your super benefit can be paid as a tax-free pension or lump sum when you reach 60 and satisfy the criteria to access your funds.
Copyright Parkworth Financial Solutions 2014
This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. The Trustee for the Conn Family Trust trading as Parkworth Financial Solutions ABN 50 892 581 186, authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee.
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