When it comes to superannuation advice for Sunshine Coast clients, the first thing we will tell you is that you are fortunate to live in Australia. We have one of the best superannuation retirement funding schemes in the world, thanks to Paul Keating’s visionary changes to employment policies in the 1980s.
The second advice we will offer is get on top of your super from a very young age. It is the best, forced saving scheme you will ever have, helping you enjoy a comfortable and quite likely, an early retirement. Let’s face it, superannuation guarantee rate of 10% of your income is not bad. By starting early, you will reap the benefits of time and accumulation.
The third — and perhaps the most important advice is – even though you can’t touch it — it’s your money! Be smart about how you use it as it will give you much greater choices in life.
And finally — superannuation can be a very tax efficient vehicle for saving for retirement, reducing your tax obligations quite considerable if you earn above certain incomes or sell an asset.