Segue News

Superannuation is losing its lustre for many Australians.

As one of the three pillars designed to provide for our retirement, Super is an asset that almost all working Australians have, but too few know enough about. It is governed by a number of rules and regulations designed to ensure that you are able to build yourself a solid base for your retirement years. However, the constant changing of these rules and regulations by successive governments has created confusion and dented confidence in the system.

When you add the global financial crisis and its affect on superannuation savings, along with a financial advice industry which has been in many cases reactive rather than proactive (and has received a lot of negative press to boot), it is little wonder that many Australians are looking at other avenues to build wealth for retirement.

Trying to navigate your way through the different superannuation rules without expert help can be like negotiating a minefield, and quite a costly one at that. And then you have to consider the possibilities that those rules (and your circumstances) will change in the future and plan accordingly. For the average Australian, it can be a logistical nightmare.

Despite the ever-changing landscape, the fact remains that superannuation, with its generous taxation concessions, its generous Centrelink and DVA treatment and its flexibility to cater for investments in a wide range of different assets (particularly via a Self Managed Super Fund), remains the best retirement savings vehicle. However, to benefit fully from superannuation, it pays to work with experts who keep on top of the changing landscape. Knowing the traps to avoid and the opportunities to take advantage of can add thousands of dollars to your retirement savings.

Experts who are pro-active in looking forward and put flexible plans in place that can be altered if and when required will unlock the real value of superannuation for you. At Segue, our understanding of the superannuation and Age Pension systems (as they stand) and the intimate understanding we gain of clients’ personal circumstances places us in a position where we can tailor strategies to each individual clients’ circumstances. This is particularly important when dealing with the ever changing landscape which can not only lead to roadblocks, but create great opportunities which need to be taken advantage of to improve your personal situation.

Don’t be put off by the constant tinkering- superannuation continues to be the best savings vehicle for your retirement – so long as you receive the right, pro-active advice on how to make it work best for you.

Call Jess on 9509 1599 for an obligation free analysis designed to help you know where you stand to take advantage of being proactive.