Financial Building Blocks
Superannuation is a form of savings, where money is set aside by you and/or your employer and invested for your retirement. It is generally restricted from withdrawal until you retire or reach your preservation age. Contributions paid into a complying Superannuation fund are typically invested in a range of assets, such as cash, property and shares.
How much money you will need in retirement depends on the level of income you require during your retirement years, and the number of years that you’ll be relying on your own funds. The higher the income you require, and the longer you need it, the more money you’ll have to save before retirement.
At AAS, our Superannuation Specialist Advisers have an excellent understanding of the various super options available, and can help you to calculate the amount of money you may need in retirement. Our superannuation advice also covers:
- Ascertaining the appropriateness of additional superannuation contributions
- Strategies including retirement planning and maximising death benefit payments
- Superannuation investment rules including borrowing for property in superannuation
- Self Managed Superannuation Funds (SMSF).