Maximise Your Superannuation

Fortress believes in empowering our clients through education, so decisions are made consultatively with you. Even if you don’t make any additional contributions, you can always invest smarter and then reap the rewards when you retire!

WHAT IS SUPERANNUATION?

Superannuation is a tax effective vehicle that forces us to save for retirement. For younger contributors, it will probably be your biggest asset in retirement with a value even higher than your home. It is therefore vital that you take control, understand how your super is invested and make changes appropriately. There are a number of simple and effective strategies that can be employed which can significantly improve wealth over time.

Fortress Tip: Use the Superannuation Calculator to find out how much Super you will have when you retire.

HOW FORTRESS CAN HELP

Consolidation

  • It is vitally important to ensure that you only have one superannuation fund. Not only is it more convenient, it avoids duplication of fees and allows you to take ownership of your money.

Salary Sacrificing

  • This ultimately reduces your taxable income and boosts your superannuation balance. This is done by making extra contributions (before tax) throughout the year. Limits apply to how much can be contributed in any one year.

Transition to Retirement

  • A strategy that allows you to draw down on your superannuation prior to retirement and then contribute more to super via salary sacrificing. This strategy can help reduce tax, boost super contributions while having no net affect on your take home pay. Given it can be a bit complicated, its best to talk to us and we can work out if it is relevant for you.

Investing

  • This is by far the most important consideration for your superannuation. Your investment selection (and yes you can choose) will significantly effect your balance upon retirement. Your superannuation can be invested in a number of different asset classes including shares, property, fixed interest, alternative assets and even cash. We help to ensure that you are invested in the right assets at the right time, whilst ensuring you are comfortable with your investments and reflecting your personal preferences.

Diversification

  • Diversification ensures that your portfolio is protected in turbulent economic periods. Your superannuation can be invested in a number of different asset classes including shares, property, fixed interest, alternative assets and even cash. We will guide you to invest in the right assets at the right time and ensure you are comfortable with your investments so that your superannuation balance will grow.

Contributions After Tax

  • This type of contribution may be advantageous for low income earners to attract the Government co-contribution or spouse contributions. This may be relevant for people who have sold a large asset like an investment property and want to use the low tax environment of superannuation to keep investing.
Toowoomba Financial Planners
  • F: (07) 4641 7497
  • This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Suite 2/470 Ruthven Street,
    Toowoomba QLD 4350
  • ABN: 32 164 822 333
Corporate Authorised Representative of Magnitude Group Pty Ltd ABN 54 086 266 202, AFSL 221557. Christopher Black is an Authorised Representative of Magnitude Group Pty Ltd and may offer you services through Fortress Financial Solutions Pty Ltd. Magnitude is only responsible for the financial planning services provided by Christopher Black. This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, you should consider whether the information is appropriate in light of your particular objectives, financial situation and needs.
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