Superannuation is often seen as a “set and forget” account, not offering much flexibility or tangible benefits. However, the earlier you plan, the more options you have.
Superannuation is often seen as a “set and forget” account, not offering much flexibility or tangible benefits. In 2024, TAL Australia conducted research outlining that 38% of Australians aged 55+ are concerned about having insufficient funds to cover basic living costs in retirement.
The reality is that superannuation is a powerful planning tool in a landscape of shrinking avenues to optimise tax and transfer wealth to the next generations. Areas getting significant focus across our advisory team with clients include:
- Service, Fee and Performance Analysis: Considering different superannuation platforms and industry fund alternatives
- Withdrawal and Re-Contribution Strategies: Reducing death benefits tax payable by adult children.
- Downsizer Contributions: Considerations of large contributions into your 60s and potentially 70s using property downsizer rules.
The earlier you plan, the more options you have.
Follow us on Social Media:
