We are dedicated to our clients' wealth management.
Retirement may seem like a long way off but putting money into super now is still a tax effective way to invest your money for the future with limited impact on your current lifestyle. That's because some types of contributions you make, and the investment earnings on those contributions, are taxed at concessional rates. Not only is super a tax effective way of saving and investing, but you can benefit from the effects of compounding returns.
The Right Fund For Today And Tommorow
Superannuation is one of the most common and tax effective ways of building wealth for your retirement. Many Australians are now free to choose their own superannuation funds instead of automatically becoming members of their employer fund. This is known as super choice, or choice of fund.
Tax effective superanuation plans
The hardest thing to do is to work out how much you should contribute to superannuation to optimise your retirement savings. Southern Cross Finance will be able to assist in formulating a retirement planning strategy that is tax effective and takes into account lifestyles issues, your cash flow requirements and your existing asset base.
Self Managed Superanuation funds
With your own SMSF or 'D-I-Y super fund' you get to decide what you invest in and when your benefits are paid, as long as you comply with superannuation law. SMSF's perform the same role as other super funds, by investing contributions and rollovers and making them available to members on retirement. The key difference is that the members of self managed funds are also the trustees and therefore control how funds are invested and the payment of their benefits.