Superannuation (super) is a means of accumulating wealth for your retirement and is, in part, compulsory. It can provide either a lump-sum or a regular income stream once you stop work. To encourage super savings, the Government has provided some distinct tax advantages (savings):
• you can invest ‘before-tax’ income through salary sacrifice;
• the income on your investment is concessionally taxed; and
• your benefits are generally tax-free if received after you turn 60.
Rich River Wealth will work with you to review your retirement planning and how superannuation may form a part of this.
We can discuss investment options, your risk tolerance level and how superannuation may help to achieve your desired retirement income to maintain your lifestyle.