Superannuation is a tax structure for holding investments designed to provide money for your retirement. Most people start superannuation when they start work as their employer usually has to pay contributions. You can choose to top up the funds out of your own pocket.
Your superannuation can grow to be a significant asset over your working life. You benefit from saving regularly over many years, your superannuation fund makes the savings work for you by investing them, and your money is generally taxed more lightly than other forms of investment. Your superannuation fund may also offer life insurance cover, disability insurance and in some cases income protection.
While most people start out in the superannuation fund offered by their employer, you generally have the right to choose to switch to another fund or provide details of an existing Superannuation Fund to your employer.
If you have moved jobs, you may belong to more than one superannuation fund. It generally saves time and money to keep your superannuation in as few accounts as possible. If you haven’t kept old statements and can’t remember where all your superannuation is you can go to the Australian Govenment ATO site Super Seeker and seach for any of your lost superannuation.
Australian Govenment – “Understanding your money”
To discuss your superannuation needs including planning for retirement and insurance within Superannuation please contact us directly on (07) 3170 3707 or click here to email us.
146 Bloomfield Street, Cleveland
PO Box 1319, Cleveland QLD 4163 4163
Phone: 07 3170 3707
ABN: 16 074 508 071
Monday-Friday: 8:30am to 5pm
Coopers N’Cents Financial Services ABN 16 074 508 071 trading as
HFB Wilsons Pty Ltd – ABN 63 616 059 324 as a Corporate Authorised Representative
No 253397 of Clearview Financial Advice Pty Ltd
AFSL No: 331367 ABN: 89 133 593 012 Website: www.clearview.com.au