Superannuation is one of the strongest ways to accumulate wealth and save towards your retirement.
Although every employed Australian is given the choice to choose their own super fund, sometimes the process of choosing a fund is an afterthought to getting a new job. It is important to understand how much super you will need and how best to manage your money for your retirement. The importance of choosing the right super fund can be the difference between a comfortable retirement and 25+ years of having to watch every dollar you spend.
There are five main types of super funds in Australia:
- Industry super funds
- Employer-sponsored super funds
- Public sector super funds
- Retail and wholesale master trusts
- Self managed super funds
Personalised Superannuation Advice
The team at National Financial Advisors can make understanding superannuation easy. Our superannuation advisors will expertly match your financial situation with the right type of super fund, taking into consideration:
- The industry you work in
- Your frequency of contributions
- The amount of personal contributions made
- Your age and time until retirement
- The size of your current super account and income level
- The most favourable risk level for your account
Our superannuation specialists can assist you in determining the most appropriate and cost effective structure for your needs and objectives along with helping you identify your goals, making it easier for you to work out how much you'll need for your retirement income. Contact National Financial Advisors and receive superannuation advice from one of our super fund advisors today.