Selecting the right investment options within your super fund plays a critical role in achieving your desired retirement lifestyle. At Aus Super Solutions, we help you identify and switch to a super fund that offers investment choices better suited to your risk tolerance, financial objectives, and long-term growth prospects.
Our approach to improving investment options include:
Let Aus Super Solutions assist you in optimising your super investment options and securing a brighter retirement. Together, we can help you navigate the path towards financial success.
Whether you're in your mid-twenties or late 50s approaching retirement, it's beneficial to understand how your superannuation balance compares to peers of your age group. Recognising what you should ideally have saved up at each life stage can serve as a benchmark, enabling you to gauge whether you're progressing adequately towards securing a financially comfortable retirement.
If you have any questions about these services, please feel free to get in touch or fill in the quick form below and one of our experts will be able to assist you ASAP!
Although many Australians don't see their super as a problem, school systems fail to teach us the key elements of choosing an ideal superfund. To narrow down your choices, there are three core aspects you should be aware of: Fees, Returns, Risk.
Superannuation funds come with a variety of fees, such as administration charges, Management Expense Ratios, Indirect Cost Ratios and Insurance Premiums. Unfortunately for most Australians these other costs aren't always visible on their super statement; that's why our experts have made it their mission to break down the additional expenses you might be paying without realising. Join us today and get an accurate picture of all your fund costs!
Returns are ever-evolving and constantly fluctuating, so what may have been a top-performing investment fund in the past could be lagging behind today. Similarly, what might seem like your best option now can quickly become obsolete; that is why it's essential to review your superannuation funds regularly to ensure you remain ahead of the curve and your strategy continues yielding positive performance.
If you had $50,000 of your hard-earned money on the line, you'd know exactly where it was invested. But do you have any idea how much risk and exposure to the markets your superannuation is subjected to? Surprisingly, most Australians are unaware of their superannuation investments. That's why it's important for everyone to understand what their retirement savings are being used for - don't let yourself be one of those who remain in the dark!
By having a review of your superfund, you are able to gain peace of mind in knowing that you're doing the right things with it. In addition, if all goes well and just a small adjustment is made today, then you could very possibly retire sooner or even have more money saved up for retirement. Don't wait any longer--find out now how your superfund works and what can be done to help improve it!
- Compare funds - Take advantage of a superannuation comparison website to examine how your fund measures up against the highest-performing funds. Despite the fact that performance may fluctuate from year to year and past performance is not an indication of future results, it's sensible, if possible, to choose a fund with a positive reputation for success and stability.
- Decide - Choose a fund that suits your financial needs
- Check your insurance - Guarantee that you are able to attain a suitable insurance level in the fund of your selection.
- Open an account - When selecting a super fund, don't forget to create an account with them and obtain all the information that your employer would need in order to make contributions. Be sure you are completely satisfied with the insurance level before making any changes!
- Notify your employer - Make sure your employer is aware of where to put in your superannuation payments, as well as how to properly identify you when transferring money into the fund.
- Roll over super to your selected fund - For a more in-depth look, visit the Australian Taxation Office (ATO)'s monitoring of your superannuation page. The easy way to do this is through myGov online - and if you wish to move your balance over to another fund, simply contact them via website or phone!
Case Study: Boosting your superannuation via salary sacrificing
Salary sacrifice is an arrangement where you agree to forego a portion of your salary to contribute extra to your superannuation. These contributions are made before tax, potentially lowering your taxable income. This can be a tax-effective way to increase your super balance, but it's important to consider contribution limits and personal circumstances.
Superannuation Contributions: Understanding Carry Forward and Bring Forward
The 'carry-forward' rule allows you to make additional concessional (before-tax) contributions to your super if you have not reached your concessional contributions cap in previous years, subject to eligibility. The 'bring-forward' rule lets you make up to three years' worth of non-concessional (after-tax) super contributions in one year without exceeding the non-concessional contributions cap.
Learn more about superannuation and retirement
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Disclaimer
The information on this website is General Information only and therefore does NOT take into consideration your personal financial situation, objectives and needs. Prior to acting on any information on this website you should consider what is appropriate for your own personal financial situation, objectives and needs. Aus Super Solutions is not associated or affiliated with any super funds, we aren’t a financial advisory firm, we do not sell financial products nor do we give financial advice. Our role is to connect clients with fully licensed financial advisors that operate compliantly under an Australian Financial Services Licence. Aus Super Solutions does not take in any way responsibility for any advice or recommendations provided by the financial advisors. Prior to acting on any advice provided by the financial advisor you should and can ask as many questions as you deem necessary to ensure you have received the right advice for your personal financial situation. All fees and costs must be clearly explained and after speaking with a referred advisor you are under no obligation to commit to any recommendations made nor cost payable to Aus Super Solutions should you decide against the advice provided. Before making any decisions regarding your super you should obtain the super fund’s Product Disclosure Statement (PDS) and consider its contents. However our goal and mission is to only recommend and connect clients with fully licensed financial advisors and firms with established, positive track records in enhancing and servicing their clients financial situation, objectives and needs.
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