Superannuation advice
Regardless of whether you are young or old, you must consider your superannuation strategy now for the future.
In fact, the younger you are the easier it is to grow your nest egg. You will be thanking yourself in the future for your financial wisdom!
- Determine how much super you will need in retirement.
- Choose a superannuation fund that suits your risk profile and retirement goals.
- Choose a super strategy and discuss ways you can boost your super contributions tax-effectively via salary sacrificing etc
Self Managed Superannuation Fund (SMSF)
A “self managed superannuation fund” is an individual, family or small business based superannuation fund that consists of less than five members. Members of these funds are given a higher degree of control over the funds invested.
Comparing self managed superannuation funds
When looking at which super fund to go with it is always important to compare the advantages and disadvantages. Below is a table that summarises this for you.
| Advantages | Disadvantages |
|---|---|
| Control over your investments | High cost |
| Tax concessions | Time consuming |
| Cost effective | Riskier |
| Estate planning opportunities | Compliance |
| Investment flexibility | |
| More retirement planning options |
What you can invest in
With mbt’s superannuation fund options, you can invest in various investments, which include but are not limited to:
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ASX listed securities
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Managed funds
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ASX fixed interest securities
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Securitised assets
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Real estate
However, what you can invest in is determined by your investment strategy. Your investment strategy is set when you establish your superannuation fund and must be adhered to throughout the life of the fund. There are six main investment strategies to choose from:
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Capital Secure – suitable for investors seeking capital security. This option provides a secure return with very low risk of capital loss.
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Conservative – suitable for investors seeking a higher return than cash who are prepared to accept modest risk of capital loss.
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Moderate – suitable for investors with a medium investment timeframe who are willing to accept a moderate risk of capital loss with a moderate level of growth.
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Balanced – suitable for investors with a longer time frame who are prepared to accept moderate/high risk of capital loss with along investment timeframe.
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Growth-oriented – suitable for investors with a medium to long-term time frame who are willing to accept moderate/high risk of capital loss but with a higher return.
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High Growth – suitable for investors willing to accept high risk of capital loss in the short-term with higher returns over the long-term.
How can I register?
If you would like more information on Self Managed Super Options – contact your mbt adviser or accountant.
They will take care of the entire registration process for you and explain everything you need to know.