A Financial Services Partners Adviser may give advice on superannuation as a part of your financial plan. They have access to comprehensive and independent research that helps them decide which superannuation funds and strategies are right for you.
What is superannuation?
A managed fund brings together the assets of many investors into a single investment.
Superannuation is an investment structure that can be used to save for your retirement during your working life. Tax concessions are provided by the government to boost your retirement savings.
Most employees can choose which fund to have their compulsory employer Superannuation Guarantee (SG) contributions paid into. You should check with your employer to determine if you are eligible.
You may also wish to make additional payments into your superannuation account, but there are limits that apply on the amount you can contribute.
If you do not choose a fund, your employer will pay your contributions into a default superannuation fund that they have chosen. However, this fund may not meet your needs or goals. A Financial Services Partners Adviser can assist you to understand your options.
What kind of goals can superannuation be used for?
Superannuation is suitable for people who:
- wish to build retirement savings
- are eligible to contribute to superannuation
- have the capacity to save additional money
- are comfortable with not being able to access their savings until retirement.
Your Financial Services Partners Adviser can recommend which superannuation funds and strategies might be right for you, after they consider your needs and objectives.
Talk to us about how superannuation might work for you