What is so special about super?

July 07, 2017
Vanessa Grieves

Your superannuation is your money for the future so it is important to make the most of it before retirement.

 

Throughout your working life your employer will make contributions into your super for you. You also have the option to salary sacrifice some of your own money to help further grow your nest egg. Even small contributions can add up substantially so you don’t have to worry about money once you hang your boots up later in life.

Did you know you have control of how your super is invested? Your super fund will have an option for you to choose your own investments to ensure you get the most out of your super as possible. You can, and should, make the decisions on where your money is going! Remember that your super is not just for day to day living expenses after retirement, it is also there to fund your dreams for that time of your life whatever they may be such as renovating your house, upgrading your car, starting anew hobby or even a holiday around the world!

Super funds are also tax friendly as they are very lightly taxed which means more money stays in your future pocket, you also pay your life insurance premiums through your super to save on tax there as well.

No matter what age you are it is always beneficial to take an interest in your super, the earlier you start the more you can build your funds. Call us today to arrange an obligation free appointment with one of our financial planners to help you get everything you want out of life after retirement!

 

For more information on super watch this video -  https://www.youtube.com/watch?v=9Dj8QTd8jDg

Posted in: Financial planning

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