At Future Point Wealth, our superannuation advice will explain your contributions, educate you on the various features of your fund such as death cover & total permanent disability and beneficiaries and advise on when and how to optimise your super contributions, fees, and returns. We’re always around to answer your questions and assist with establishing self-managed super funds and to explain how changes in legislation impact you and your money.
Superannuation, or simply “super,” is a crucial aspect of financial planning, especially when it comes to retirement. It is a long-term investment structure designed to provide individuals with financial security during their golden years. At Future Point Wealth, we offer a comprehensive range of superannuation services to help you make the most of your fund and secure a brighter future.
One of the options available to you is a self-managed super fund (SMSF). This type of super fund gives you more control over your investments and allows for greater flexibility. However, managing an SMSF requires time, knowledge, and an understanding of your responsibilities. Our team will assess your financial situation, investment goals, and risk tolerance to determine if an SMSF is the right choice for you. We will provide you with tailored superannuation advice, guiding you through the benefits and potential drawbacks, ensuring you make an informed decision.
Over the course of your career, you may have accumulated superannuation accounts with different providers. Having multiple accounts can lead to unnecessary fees and complexity when managing your funds. Our team will assist you in consolidating your super into a single account, streamlining your finances and making it easier to track your investments. By consolidating, you can potentially reduce fees and enhance the performance of your super fund. Our superannuation advice will help you navigate this process effectively.
If you already have a superannuation fund, we will conduct a thorough review to evaluate its performance and assess its alignment with your financial goals. Our experts will analyse factors such as investment returns, fees, and risk levels. If we find that your current fund is not meeting your expectations or there are better alternatives available, we will provide you with superannuation advice to help you find a new fund that better suits your needs.
Understanding how your superannuation fund performs is essential for maximising your returns. We will provide you with clear explanations of your fund’s performance, breaking down complex investment jargon into easy-to-understand terms. Furthermore, we will explore strategies to potentially enhance your fund’s performance, such as diversifying your portfolio, managing risk effectively, and capitalising on market opportunities.
Every individual has unique risk preferences when it comes to investments. Some prefer a conservative approach, prioritising capital preservation, while others are willing to take on higher levels of risk for the potential of greater returns. Our team will work closely with you to understand your risk appetite and tailor your super fund’s asset allocation accordingly. By aligning your investments with your risk preferences, we aim to optimise your superannuation strategy. Our superannuation advice will ensure your asset allocation is in line with your risk preferences.
Taxes and fees can significantly impact the growth of your superannuation fund. We will analyse your current tax situation and explore strategies to minimise tax obligations legally. Additionally, we will identify any unnecessary fees you may be incurring and help you reduce them, ensuring more of your money goes toward building your retirement nest egg.
Investing ethically is not only about financial returns but also about making a positive impact on society and the environment. We are proud to offer a wide range of ethical investment options that align with your values. These investments are in companies that strive to make a difference, promoting sustainable practices, social responsibility, and positive change. With our ethical investment advice, you can grow your super while contributing to a better world.
Planning for the future includes ensuring that your assets are distributed according to your wishes when you pass away. At Future Point Wealth, we understand the importance of estate planning and will assist you in liaising with your preferred solicitor. Alternatively, if you don’t have a solicitor, we can introduce you to one of our trusted partners who specialise in estate planning. Together, we will ensure that your superannuation funds and other assets are distributed in line with your wishes, providing peace of mind for you and your loved ones. Our superannuation advice extends to estate planning to ensure a seamless transition of your assets.
To provide further clarity on our superannuation services, here are some frequently asked super questions and their answers:
Understanding your super fund helps you make informed decisions about your investments, assess performance, and identify potential opportunities for growth. It ensures that you are actively involved in managing your financial future.
moneysmart.gov.au is a comprehensive platform, provided by the Australian Securities and Investments Commission (ASIC), that offers free and impartial financial information to help Australians make informed decisions about their money. Their article How Super Works is a good starting point on Superannuation in Australia.
The best super fund for you depends on various factors such as your financial goals, risk tolerance, investment preferences, and personal circumstances. It is important to consider factors like fees, performance, features, and the level of customer service offered by different super funds. Seeking professional superannuation advice can help you find a super fund that aligns with your individual needs and priorities.
An SMSF offers greater control over your investments and allows for customisation based on your individual circumstances. However, managing an SMSF requires a higher level of involvement and responsibility compared to other superannuation options.
Consolidating your superannuation accounts simplifies your financial management, reduces fees, and may improve overall performance by enabling a more focused investment strategy.
We analyse your fund’s performance, identify areas for improvement, and suggest strategies such as portfolio diversification and risk management to enhance your returns.
Asset allocation involves distributing your investments across different asset classes to manage risk and maximise returns. We help match your asset allocation with your risk preferences and long-term financial goals.
We assess your tax situation and identify legal strategies to minimise tax obligations. Additionally, we review your superannuation accounts to identify and reduce unnecessary fees.
At age 60, if you are retired, you can withdraw your superannuation funds tax-free. You can withdraw your Super as a lump-sum payment or alternatively as a pension.
Yes, you can choose to leave your money in super after you retire. It can remain invested and continue to grow, providing you with a source of income in retirement.
You can access your super when you: reach your preservation age and retire. reach your preservation age and choose to begin a transition to retirement income stream while you are still working. ( Source ATO)
Generally, withdrawals from your super after the age of 60 are tax-free. This includes lump sum withdrawals and income streams or pensions taken from your superannuation savings.
You may withdraw a lump sum from super at retirement of any amount up to your total balance. However, the amount of lump sum you can withdraw may depend on various factors, including preservation rules, and any limitations set by your superannuation fund.
An SMSF (Self-Managed Superannuation Fund) is a type of super fund that allows individuals to have more control over their superannuation investments. It involves managing your own super fund, making investment decisions, and complying with legal and regulatory requirements set by the Australian Taxation Office (ATO).
At Future Point Wealth, our team of experts is committed to providing personalised superannuation advice and guidance, ensuring that you make informed decisions and secure a financially sound future. Contact us today to explore how our superannuation services can benefit you and set you on the path to a prosperous retirement.
Future Point Wealth provides tailor-made, fluid financial strategies and superannuation advice to protect and grow your wealth in Sydney and surrounding suburbs, as well as the Blue Mountains. We have offices in Penrith, Gymea, Blaxland and Sutherland. Make an appointment to chat with one of our team at one of our four convenient locations below.