Personal Superannuation
One of the most common and tax effective ways of saving for retirement is through superannuation (super). Super is a specially designed, long term investment for your retirement savings.
Superannuation can be described as a long term savings plan which is designed to provide an income stream after retirement. However, superannuation is different from other savings vehicles because:
* the savings accumulate through special funds or plans which have special rules for the members who invest in them;
* special taxation treatment applies to those plans; and
* most superannuation investments cannot be touched until after we retire.
Personal superannuation plans are designed for individuals or their families. Contributions can be either the required Super Guaranteed Contribution or voluntary contributions and can be made by either the individual or their employer. Find out how investment into superannuation may improve your taxation position and help you retire to the lifestyle you desire. Contact us today.