Superannuation

Superannuation is, without a doubt, the most tax-efficient way to save for retirement. Apart from our homes, a superannuation fund is the most valuable asset for many of us. But it’s not always easy to get started with your own superannuation account. Here are some tips on how you can start saving today:

1) Start early – The earlier you start contributing to your super balance, the more time you have to build up an investment portfolio that will grow over time and provide you with a steady stream of income in retirement. If you don't contribute enough now, you'll be paying higher taxes later when you retire.

2) Choose wisely - Super funds come in all shapes and sizes so make sure you choose one that suits your needs. You may want to consider choosing a self managed super fund, which gives you complete control over what goes into your investments.

Superannuation can be a complicated topic for the uninformed, with a number of super contribution options. It's critical to devise a strategy for maximising tax breaks, financial incentives, and refunds.

Marrickville Financial Planning has been providing assistance in the following areas:

• Choice of Super Fund including SMSF analysis
• Consolidation of Funds
• Finding the optimum fee structure
• Ways and types of contributing into Super
• Retirement Income Streams

Marrickville Financial Planning is kept up to date with legislation changes, the latest tactics, and ways to get the most of your superannuation thanks to access to technical research and frequent legislation updates.

It's important to remember that all investments come with some level of risk. The product issuers and Marrickville Financial Planning cannot guarantee the performance of any funds or the avoidance of financial losses