Superannuation

Superannuation

Your superannuation is your future, and the sooner you take control of what it’s doing, the better! Superannuation is constantly changing in Australia, becoming more complex and important than ever. The decisions you make today can significantly impact your lifestyle in retirement. At LIFE Financial Planners based in Perth, we specialise in maximising the potential of your superannuation so that works hardest for you. 

Superannuation Perth

Here’s how our superannuation advice can help you: 

Make Choices on Super Funds: We help you understand what the best-recommended superannuation funds are tailored to your financial plan and goals.     
Tailor Strategies to Maximise Your Returns: 

We ensure your super grows effectively by capitalising on the strong returns and optimising investment strategies. 

  1. Track Down Your Super:  There is over $13.8 billion worth of lost super in Australia. Some of it may be yours.

  2. Future Financial Security: Together, we determine the necessary contributions over your working life to plan the retirement you want. 
     
  3. Tax Optimisation: Boost your super! We can show you how to make the most of various tax-saving concessions such as salary sacrifice and contribution strategies.

  4. Estate Planning:  We ensure your super is distributed according to your wishes, providing peace of mind for you and your beneficiaries. 

  5. Legislative Updates:  We help you stay informed about legislative changes affecting superannuation to ensure you remain advantaged in your financial planning journey.  

At LIFE Financial Planners, we are committed to empowering you with the knowledge and tools you need in your superannuation journey. Our team of superannuation planners in Perth are dedicated to tailoring an investment strategy that aligns with your unique goals and aspirations. 
  
Ready to take control of your superannuation plan? Reach out to Marijana or Mei at our West Perth office by calling 08 9322 1882. 

Testimonials

Alison
★★★★★
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Have been using Life Financial for 3 years now and Marijana has repeated provided us with the best possible strategies for our changing situations. We believe that the LFP team consider our financial security just as important as their other clients. Marijana, Mei and Donna have been very kind, easy to talk to and responsive to my calls and emails. We definitely recommend LFP without hesitation.
Lee-Anne
★★★★★
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We have been seeing LFP for about 10 years now! We are so appreciative of their service and reminders to look after our financial future. It is a relief to leave our superannuation investments and insurances in their very capable hands. Would recommend them to anyone who does not already have a financial advisor.
Miss Vae
★★★★★
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We have been clients of Marijana and team for a few years now and they have been nothing but professional, caring and informative. Marijana is always happy to answer all of our questions and kept the process worry-free for us. We always look forward to seeing the team every year for our review. Thank you for everything you do for us 😊
Alastair
★★★★★
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We always receive Marijana and Mei’s full care and attention when needed, and cannot recommend them highly enough!
Jude
★★★★★
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We are so incredibly grateful for the personal but very professional advice given by Marijana and Mei. After a lifetime of medical bills, transition to retirement was looking grim, but after meeting with the team at Life Financial Planners a few years ago, they really listened to our personal circumstances and we now have a clear, positive path.
Neil
★★★★★
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We have been clients of Marijana and the team since 2006. During this time I have retired from working - a daunting time for most of us. The transition to retirement was quite smooth, thanks to the very professional advice we received. We have no hesitation in recommending Life Financial Planners to anyone seeking assistance with their financial planning needs.
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Frequently Asked Questions

How much should I contribute to my superannuation?  

If you’re employed, your employer should be paying a percentage of your earnings into your super account. It’s worth checking to make sure you’re being paid the right amount. 

If you can afford it, making extra contributions is a great way to boost your retirement savings and reduce your tax. If you’re on a low income, you may be eligible for extra contributions from the government. 

How can I maximise my superannuation for retirement?

    1. Ensure Correct Employer Contributions: Make sure your employer is paying you the right amount of super.
    2. Make Voluntary Contributions: If you can afford it, making extra, voluntary contributions is a great way to boost your super.
    3. Government Co-contributions: Find out if you’re eligible for government co-contributions to enhance your super savings.
    4. Review Investment Options: Check your super investment options to ensure they align with your retirement goals.
    5. Super for Self-Employed: If you’re self-employed, remember to pay yourself super to secure your retirement savings.

When can I access my superannuation?

You can generally access your superannuation when you reach your preservation age and retire, or turn 65 (even if you haven’t retired).

Here’s a quick breakdown:

Preservation Age:

    1. Your preservation age depends on when you were born. It ranges from 55 to 60.
    2. Born before 1 July 1960: 55 years
    3. Born between 1 July 1960 and 30 June 1961: 56 years
    4. Born between 1 July 1961 and 30 June 1962: 57 years
    5. Born between 1 July 1962 and 30 June 1963: 58 years
    6. Born between 1 July 1963 and 30 June 1964: 59 years
    7. Born after 30 June 1964: 60 years

Retirement: You can access your super if you’ve reached your preservation age and are retired.

Turning 65: You can access your super once you turn 65, even if you are still working.

Transition to Retirement (TTR) Strategy: If you’ve reached your preservation age but are still working, you might be able to access a portion of your super through a TTR income stream.

Special Circumstances: There are special circumstances under which you can access your super early, such as severe financial hardship, terminal medical conditions, or permanent incapacity.