Maximise your superannuation returns and retire on your own terms with expert advice from Seneco Wealth.
Schedule a review with our superannuation financial advisors
Your retirement should be a time of relaxation, adventure, and enjoying the fruits of your labour. At Seneco, we understand the importance of regularly evaluating your superannuation to secure a comfortable future.
We offer tailored financial advice to optimise your superannuation, including managing spouse contributions, and provide a clear path toward achieving your retirement goals. With our head office in Perth and offices in regional WA towns such as Port Hedland, Newman, and Tom Price, our expert team is ready to help you secure a financially sound retirement wherever you are.
To get started, contact us today on (08) 9321 2555 and book a free, no-obligation meeting.
How we can help
- Maximise Your Returns: Superannuation funds can vary widely in performance. By reviewing your fund, you can identify whether your investments are delivering optimal returns. We analyse your fund’s performance along with spouse contributions, ensuring your money is working as hard as you do, ultimately maximising your retirement savings.
- Customised Investment Strategies: Your financial goals and risk tolerance change over time. A superannuation review allows us to craft a tailored investment strategy aligned with your objectives. Whether you’re seeking growth, stability, or a balanced approach, we ensure your investments match your needs and aspirations.
- Tax Efficiency: Superannuation offers significant tax advantages. A review helps you leverage these benefits to reduce your tax liability, ensuring you keep more of your hard-earned money. We explore tax-efficient strategies, optimizing your contributions and withdrawals for maximum tax savings.
- Insurance Coverage: Many superannuation funds include insurance components. Reviewing your superannuation ensures you have adequate coverage for life, disability, trauma or income protection. We assess your insurance needs, making sure you’re protected against life’s uncertainties without overpaying for unnecessary coverage.
- Plan for Retirement: Retirement planning involves more than just accumulating funds. It’s about structuring your superannuation for a steady income stream in retirement. We help you plan for a comfortable retirement, ensuring your funds are allocated to provide a reliable income when you need it the most.
- Stay Ahead of Regulations: Superannuation laws and regulations can change. Staying informed ensures you’re not caught off guard by unexpected changes that could impact your retirement savings. We keep you updated on the latest regulations, ensuring your superannuation strategy remains compliant and optimized.
Our super review process
- Comprehensive Assessment: We’ll examine your current fund’s performance, fees, risk profile, and benefits.
- Customised Strategy: Based on your unique financial situation and goals, we’ll provide tailored advice.
- Continual Monitoring & Support: Our ongoing support ensures your super remains aligned with your evolving needs and market dynamics.
How it benefits you
- Peace of Mind: Know that your retirement savings are being managed proactively to support your future lifestyle.
- Empowerment: Understanding how your super works and making informed choices empowers you towards a more secure financial future.
- Financial Security: Effective super management is key to ensuring you can maintain your desired lifestyle in retirement.
A superannuation review isn’t just about ticking a box; it’s about actively shaping your future. It’s a crucial step in reaffirming or realigning your retirement strategies to ensure you’re on the best path forward. Let’s schedule a session to review your superannuation and take control of your financial destiny!
Schedule Your Superannuation Review with Us Today
A superannuation review isn’t just about ticking a box; it’s about actively shaping your future. It’s a crucial step in reaffirming or realigning your retirement strategies to ensure you’re on the best path forward. Let’s schedule a session to review your superannuation and take control of your financial destiny! Get in touch with our dedicated Western Australian super financial advisors now on (08) 9321 2555.
Frequently Asked Questions
What is superannuation?
Superannuation, often referred to as “super,” is a retirement savings system in Australia. It is a mandatory savings scheme designed to help Australians save and invest for their retirement. Both employers and employees contribute a percentage of the employee’s earnings into a superannuation fund, which is managed by a superannuation provider.
The contributions made to superannuation are invested in various assets, such as stocks, bonds, property, and cash, with the goal of growing the fund over time. These investments are managed by professional fund managers.
Superannuation is designed to provide financial support to individuals during their retirement years, ensuring they have a source of income when they are no longer working. Australians can access their superannuation funds when they reach the preservation age (which varies based on the individual’s date of birth) and retire. They can choose to receive their superannuation as a lump sum, regular income payments (annuity), or a combination of both.
Additionally, superannuation funds often come with insurance components, such as life insurance, total and permanent disability (TPD) insurance, and income protection insurance, to provide additional financial protection to fund members and their families.
Superannuation plays a crucial role in the retirement income system in Australia, supplementing the Age Pension provided by the government and helping individuals achieve a comfortable standard of living in their retirement years.
Who can give advice on superannuation?
Seneco’s financial advisers can provide advice and help you manage your superannuation. Partnering with us can offer several significant benefits:
- Personalised Financial Planning: We can assess your individual financial situation, goals, and risk tolerance to create a personalised financial plan tailored to your needs. This includes understanding how superannuation fits into your overall financial strategy.
- Expertise and Knowledge: We are experts in financial planning, investments, taxation, and superannuation regulations. We provide valuable insights into the complex world of superannuation, helping you navigate through the various options and strategies available.
- Maximising Contributions: We can help you optimise your superannuation contributions, ensuring you contribute the right amount to meet your retirement goals while taking advantage of potential tax benefits and government incentives.
- Investment Advice: Our financial advisers can assist you in choosing appropriate investment options within your superannuation fund. We can tailor your investments based on your risk tolerance, investment horizon, and financial objectives.
- Tax Efficiency: We can help you manage your superannuation in a tax-efficient manner, guiding you on strategies to minimise tax liabilities, especially in areas such as contributions, withdrawals, and estate planning.
- Insurance Needs: Superannuation funds often provide insurance coverage, including life, TPD, and income protection insurance. We can assess your insurance needs, ensuring you have adequate coverage to protect yourself and your family.
- Retirement Planning: Our financial advisers can assist in planning for your retirement by estimating your future income needs, helping you choose appropriate pension options, and ensuring your superannuation lasts throughout your retirement years.
- Regular Reviews and Adjustments: Your financial situation and goals may change over time. We can regularly review your superannuation strategy and make necessary adjustments to ensure it remains aligned with your objectives.
- Peace of Mind: Having a Seneco professional adviser managing your superannuation can provide peace of mind. You can feel confident that your retirement savings are being managed wisely and in line with your financial goals.
- Compliance and Regulations: Superannuation rules and regulations can be complex and subject to change. We stay updated with the latest regulations and ensure your superannuation strategy complies with the law.
In summary, a financial adviser can provide comprehensive financial guidance, offering you a clear path toward achieving your retirement goals, optimizing your superannuation, and ensuring a financially secure retirement.
When should I start to look into my superannuation?
Looking into your superannuation early is crucial for several reasons:
- Compounding Growth: Superannuation benefits from the power of compounding, where your money earns interest on both the original contributions and the accumulated interest. Starting early allows your investments more time to grow, potentially significantly increasing your retirement savings over the long term.
- Long-Term Planning: Planning for retirement is a long-term endeavour. Starting early gives you ample time to set clear financial goals, make informed decisions, and adjust your strategy as needed. It provides a better chance to build a substantial retirement nest egg.
- Tax Advantages: Contributions to superannuation are often taxed at a lower rate than regular income. By contributing to your super early, you can take advantage of these tax benefits and potentially reduce your overall tax liability. Additionally, investment earnings within superannuation are generally taxed at a concessional rate or are tax-free once you reach retirement age.
- Financial Security: Life is unpredictable, and unexpected events like illness or accidents can impact your ability to work. Having a well-established superannuation fund provides a financial safety net in case you are unable to work for an extended period. Starting early ensures you have a robust backup plan in place.
- Employer Contributions: Many employers make compulsory contributions to their employees’ superannuation funds. Starting early allows you to benefit from these contributions over your entire working life, maximizing your savings for retirement.
- Government Incentives: Various government incentives, such as co-contributions and low-income super tax offsets, are available to encourage superannuation savings. By starting early, you can qualify for these incentives and boost your superannuation balance.
- Educational Opportunities: Starting early allows you to educate yourself about different superannuation options, investment strategies, and retirement planning. The knowledge gained over time empowers you to make informed decisions that align with your financial goals.
- Adaptation to Changing Goals: As life progresses, your financial goals may change. Starting early gives you the flexibility to adapt your superannuation strategy as your circumstances evolve, ensuring your retirement plan remains relevant and effective.
In summary, looking into your superannuation early is essential because it maximises the benefits of compounding growth, takes advantage of tax incentives, provides financial security, and allows you to adapt to changing goals. The sooner you start planning and contributing to your superannuation, the better positioned you will be for a financially secure retirement.