Make the most of your super.
When was the last time you thought about your superannuation? It might not be the most interesting subject but by considering a few things today you can set yourself up for life.
How much super will I need? Want to contribute more? How many super funds do you have?
Our experienced Beyond Bank Wealth Management financial advisers can help you create a superannuation strategy – one that allows you to maximise your income, superannuation rates and your lifestyle, now and in the future.
What is superannuation?
Superannuation (or ‘super’) is a way to save for your retirement.
Throughout your working life, your employers will make contributions to your superannuation fund. You might also make personal contributions to help build your superannuation fund faster.
The more superannuation you save, the sooner you can stop working.
When it comes time to retire, your superannuation money will be there to support you.
Our experienced financial advisers can help you plan your retirement goals and decide what you want from your superannuation fund. Once they understand your needs, they can suggest suitable superannuation options.
How much superannuation will I need?
The amount of super you need depends on your preferred lifestyle and future medical costs.
Use our handy Superannuation Calculator to find out how much superannuation you’ll need and what a suitable salary sacrifice would look like for you.
The Association of Superannuation Funds of Australia also offers a guide to how much a modest of comfortable retirement lifestyle might cost in the future.
Our experienced financial advisers can help you meet your superannuation goals. We will act as your financial coach, so you can achieve your preferred retirement lifestyle.
We understand that everyone is different. That’s why we offer a personalised approach.
Come in and speak to one of our financial advisers, and get the most out of your superannuation!
There are lots of ways to build your superannuation fund.
You can contribute to your superannuation through:
- The employer Superannuation Guarantee (SG)
- Personal contributions (including self-employed contributions)
- Salary sacrifice contributions
- Spouse contributions
- Splitting of contributions with a spouse
The different ways to contribute to your superannuation have different advantages.
Our experienced financial advisers will help you find the best ways to contribute to your superannuation. The sooner you start planning, the bigger the benefit of compounded interest!
Self-managed superannuation funds
Would you like to set up your own private superannuation fund? To establish and manage your own fund you need to:
- Follow the rules set by the Australian Taxation Office
- Become a trustee of the fund (this imposes important legal duties on you)
- Only use the money for retirement benefits (you can’t use the funds to benefit you, someone else or a business)
- Keep accurate records for auditing purposes
You may also need:
- Professional advice on investment, accounting, and tax and legal requirements
- The time, skill and interest to manage your own fund
- To arrange suitable life insurance
Our experienced financial advisers can help you to establish and run your self-managed super fund.
It can be easy to lose track of your superannuation throughout your working life.
You can search for your lost and unclaimed super by logging on or creating a myGovExternal Link account.
The calculators on the MoneySmart website will help you determine how much your super will be worth in the future.
How secure is your financial future?
It’s never too early or too late to start planning for your future with more financial security. Answer a few simple questions using our Financial Planning Tool and you’ll see how you’re doing and whether you need help in any areas.
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This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate in light of your particular circumstances and needs.
Financial planning services are provided by Eastwoods Wealth Management Pty Ltd ABN 17 008 167 002 / AFSL 237853 trading as Beyond Bank Australia Wealth Management. Eastwoods Wealth Management Pty Ltd is a wholly owned but not guaranteed subsidiary of Community CPS Australia Ltd ABN 15 087 651 143 / AFSL 237 856 trading as Beyond Bank Australia