Ever since the Australian Parliament introduced compulsory Superannuation in 1992, employers have been required to set aside a percentage of earnings under a scheme known as the Compulsory Superannuation Guarantee. Designed as a method of saving money, compulsory Superannuation provides a benefit for when you retire.
On the surface, superannuation sounds like an extremely simple idea.
However, the amount of information available to you about superannuation can send you in every direction.
Laws changing every year, tax breaks gained and lost, changes in government all contribute to superannuation unsurety.
Depending on your circumstances, you will either have your superannuation managed or you can control it yourself through a Self Managed Superannuation Fund (SMSF)
With an SMSF, you can manage your own superannuation. You can make tax effective contributions, invest in property, shares, art or any type of compliant investment you wish, providing flexibility and control.
At Future Assist Financial Services, we recognise Superannuation as an important part of your overall financial planning strategy.
To find out more about Superannuation, contact us for an obligation-free consultation. Our friendly team is ready to answer any of your queries. We’re here to assist you in securing your financial future.