Superannuation

Wealth management for a better future

Superannuation is a way of saving small, regular amounts of money that are pooled together to earn interest and grow so that you have money to support yourself in retirement.

What is the Superannuation Guarantee?

Many years ago the Federal Government introduced legisilation that makes it compulsory for most employers to pay a 9%, in addition to your wage, into a registered superannuation fund.

The superannuation funds invests your money on your behalf so, with compound interest, your nest egg grows and has the potential to become sizeable.

You also have the option to contribute extra money to your superannuation fund.

How can I make extra contributions to my superannuation?

It's easy to add to your superannuation savings. All you need to do is talk to your employer or superannuation fund. If you are a low-income earner, you may also be entitled to a Superannuation Co-Contribution where the Federal Governments also makes a contribution to your superannuation savings.

How do I access my supperannuation?

You must reach retirement age, which is 60 for anyone born after July 1, 1964, before you can access your superannuation. even then, you cannot take it in one lump sum - it must be accessed as a stream of income.

There are special circumstances whereby you can access your non-preserved superannuation funds such as extreme financial hardship or being diagnoed with a terminal illness.

Can I set up my own superannuation fund?

Many people set up their own superannuation fund with a help of a trusted financial advisor or accountant to gain control of their investments and/or retirement income.

Lifespan Mortgage Services can help you secure the advice you need to build your wealth and improve your superannuation situation through Property Investments, Retirement Planning or Estate Planning.

Make an appointment to visit one of our expet staff by filling in the online form or phoning 08 9317 1900.