Superannuation is a long-term, tax-effective savings plan to help you accumulate wealth that will aid you during retirement. For many of us, it is our largest asset, apart from our homes.
While we will all have superannuation as part of our employment, so many different methods of contributions, funds, and strategies are available, not to mention the increasing complexity surrounding the legislation.
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So, how are you supposed to know if you are maximising the options available to you?
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Superannuation is an integral factor in achieving your wealth goals. With tailored superannuation advice in
Australia, you can form a strategy that takes advantage of tax concessions and financial incentives.
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At Aspire2 Wealth Advisers, each team member understands that navigating superannuation can be confusing. That’s why our team of experienced superannuation financial advisers in Perth is here to offer you personalised advice that aligns with your retirement goals and economic needs. Read about our managed portfolios.
What is superannuation and why does It matter?
With a limited pension available to an ageing population, the Australian government carefully structures their superannuation laws to be enticingly tax-efficient, making it one of the most effective ways to build a nest egg over time.
With so many super funds, investment options, and regulations to consider, a clear strategy is needed.
But why should you care about superannuation right now if it’s only for when you retire?
Well, your decisions today will significantly impact your retirement financial security. Whether you’re just starting your career, asking questions like, ‘how do I consolidate my super?’, or are already thinking about retirement, the right advice can make a difference.
Why trust Aspire2 Wealth advisers for your superannuation advice in Perth?
As you build, protect and restructure your superannuation, you want advice tailored to your specific situation.
That’s where our superannuation experts come in.
Here’s why our clients choose us for their superannuation advice:
Super Advice Tailored to You
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We know that one size doesn’t fit all. We take the time to understand your financial situation, goals, and risk profile before crafting a proven superannuation strategy that works for you. Whether you work to the caps on contributions or would like to gain access early, you can partner with a financial planner who recognises what you want from your superannuation.
Experienced Superannuation Consultants
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With decades of experience, our team of advisers has the expertise to help you navigate the complexities of superannuation. We’re here to make sure you’re on the right track.
Services our experts offer to optimise your superannuation
Superannuation isn’t just about choosing a fund and forgetting about it. It’s an ongoing process that requires regular review and adjustment.
Here’s how we can help:
Reviewing and Selecting Your Super Fund
Your choice of a superannuation fund will greatly impact your retirement savings. Together, we will:
· Look at your current superannuation details
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Evaluate the performance of your fund to see if it’s meeting your needs and helping you reach your retirement goals
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If your current setup isn’t optimal, we’ll recommend ways to improve it, whether through different investment options or a new fund altogether.
Our goal is to ensure your money is working as hard as possible for you.
Consolidating Your Super Accounts
If you’ve had several jobs, you might have multiple superannuation accounts, leading to higher fees and unnecessary complexity. Unfortunately, many people grow confused about the methods of consolidating super accounts.
We’ll help you consolidate your accounts, making it easier to manage your retirement savings. To do so, our superannuation consultants can guide you through locating and merging your accounts, helping you avoid extra fees and streamline your investments.
By bringing all your super into one account, you’ll reduce fees and simplify the management of your retirement savings.
​Maximising Contributions to Your Super
The more you contribute to your super, the better off you’ll be in retirement, yes?
Not exactly. It’s not just about putting money in; it’s about doing so in the most tax-efficient way possible. We’ll show you how to use salary sacrifice to boost your super balance while reducing your taxable income. Our consultants can also offer tailored super advice on making additional contributions to your super, explaining how it benefits your long-term financial health.
Self-Managed Super Funds (SMSFs)
A Self-Managed Super Fund (SMSF) might be a better investment option if you prefer more control over your retirement savings. Our experts can advise on whether an SMSF suits your situation and help you manage it effectively if it does. We will walk you through setting up your SMSF, ensuring you understand the responsibilities involved. If you already have an SMSF, we offer support to keep it compliant and aligned with your financial goals.
Transition to Retirement (TTR) Strategies
As you get closer to retirement, consider how you’ll access your superannuation. We’ll help you develop a plan to transition smoothly into retirement, making the most of your super along the way. You will have an adviser who can explain personalised ways to start drawing on your superannuation before full retirement, balancing your income needs with tax efficiency.
Frequently asked superannuation questions
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What is estate planning?Estate planning is about more than just writing a will. It’s a way to organise your financial affairs so that your assets are protected and distributed according to your wishes after you’re gone. This includes setting up trusts, appointing an Enduring Power of Attorney, and planning for your superannuation.
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Who should I choose as the executor of my will?The executor of your will is responsible for carrying out your wishes and managing your estate. Choose someone you trust—a family member, friend, or professional like a lawyer or financial adviser.
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What’s the difference between estate planning and asset protection?While estate planning focuses on what happens to your assets after you pass away, asset protection is about safeguarding your wealth during your lifetime, such as protecting your assets from lawsuits, creditors, and other potential risks.
What clients say about our financial planners
These clients have agreed to share their story. Everyone’s situation is different, so their choices and outcomes will be different to yours. Consider your circumstances before deciding what’s right for you.
These clients have agreed to share their story. Everyone’s situation is different, so their choices and outcomes will be different to yours. Consider your circumstances before deciding what’s right for you.
