Superannuation

Even if retirement may seem like a long way off, putting money into your superannuation now is a tax effective way to invest your money. This is because most super contributions – and the investment earnings on those contributions – are taxed at concessional rates. With the added benefit of compounding returns, super is a smart way to save. 

So given this, why do so many people neglect it? Even though it's often the second largest investment outside the family home, most people simply tick a box when it comes to investing in super.

At Coastline, our goal is to show you the link between 'superannuation' and 'investing'. The two go hand in hand; and, like any other investment, super needs attention.

By taking charge of your super and getting the right investment mix, you will really make a difference to your retirement.

Why do super investment options matter?

Like any other investment, you have choices when it comes to your super. You can invest your money in different asset classes depending on your attitude to risk and how long you've got until retirement. Some asset classes perform better than others, delivering higher returns.

It's important that you understand your investment options, and get the investment mix right. Coastline can show you ways to grow your super by reconsidering the way your superannuation is invested.


Coastline's super advice


We will look at a range of factors that will determine the right investment mix for your super, and will help answer the tricky questions:
  • When should I start contributing?
  • Should I salary sacrifice?
  • Are there benefits if I contribute for my spouse?
  • Are there benefits in consolidating my super funds?
  • How can I check whether I have any lost super?
  • When should I think about topping up my superannuation?
  • Can I take advantage of the Government's co-contributions?

We can also:

  • Review the performance of your current super fund in relation to your goals, including how close you are to retirement
  • Make recommendations about your super arrangements, based on your goals and circumstances
  • Recommend alternative fund providers and superannuation products
  • Review any insurance opportunities including buying insurance through your superannuation fund

Self-managed super funds (SMSFs)

Self-managed superannuation funds (SMSFs), also known as DIY super funds, are popular with Australians who wish to take on the responsibility and control of managing their retirement savings.

SMSFs work the same way as other funds, in that contributions are invested and become available to members on retirement. With SMSFs, however, the members are also the trustees – this puts them in control over the investment of their contributions and the payment of their benefits.

It is important to note that while SMSFs are an attractive was to manage your super, seeking advice is critical. It may not be the right option for you. We recommend that you speak with your Coastline Adviser to learn more. 

Take charge of your future and get your super sorted today. Contact Coastline for a free chat about your superannuation.