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Superannuation
& SMSF

Worried about having enough superannuation to support your lifestyle in retirement? Get expert advice on how to maximise your superannuation from the team at Elliot Watson Financial Planning.

Superannuation and SMSF
Superannuation & SMSF

Achieve more options for the lifestyle you want in retirement

We can help you achieve more with your superannuation. Superannuation is the number one investment vehicle used by Australians to fund their retirement. The intention of superannuation is to incentivise, encourage and reward Australians for building wealth to fund their own retirement. Most Australian give little thought to their superannuation with a ‘set and forget’ approach until retirement is on the horizon. However, the reality is, the sooner you give attention and focus to your superannuation the more choices you will have in retirement.

Our superannuation specialist advisers will help remove any questions you have around your superannuation like:

Is my current superannuation fund right for me?
I have multiple superannuation funds, should I consolidate? If so to what fund?
Am I invested the right way? Should I be taking more risk or less risk?
Should I put money into superannuation or pay off my mortgage?

Our advisers will direct you on where and how you should invest your superannuation according to your needs, identify if a self-managed super fund (SMSF) is suitable, regularly review your superannuation performance and advise you on ways to maximise the benefits of your superannuation. With ongoing advice from our advisers, you can adopt a guilt free ‘set and forget’ strategy with your superannuation knowing that your superannuation is expertly cared for and regularly reviewed.

Gain peace of mind knowing your future is secure

We will work with you to ensure you are comfortable with how your money is invested. Where you should invest your superannuation depends on your situation, life stage and risk profile. Based on these factors we will help you select the superannuation fund that suits your circumstances. Your superannuation will then be invested in a combination of defensive or growth assets.

We will identify if any government superannuation initiatives can help you achieve your goals faster by assessing the suitability of the following schemes:

Salary Sacrifice
First Home Super Saver Scheme
Spouse Super Contribution
Government Co-Contribution
Low Income Superannuation Tax Offset

The benefit of an ongoing relationship our specialist advisers is that we will regularly review your superannuation with regards to new government policies and initiatives. You can feel confident knowing that we work hard to maximise the benefits of the options you have available to you.

Client Situation

John had recently finished his apprenticeship and became a carpenter. His income increased dramatically. John was sensible enough to realise that if he squandered the extra money on partying, and having a good time with his mates, he would never get ahead and end up like his parents, always struggling and never having enough money, so he approached Elliot Watson Financial Planning for help.

Goals

Develop and implement a financial plan for the future
Travel and see the world
Buy a house
Create wealth and get ahead – review superannuation
Plan, in the future, to possibly start his own business

Value of Advice

John’s adviser developed an income and expenditure budget, which was ultimately incorporated into his financial plan. From the budget, which verified all income and identified both one-off and ongoing expenditure, a cash flow analysis was undertaken which subsequently identified a net surplus amount that could be applied to the savings strategies identified within the financial plan.

The second strategy established a superannuation fund to ensure John’s long-term financial goals are met.

wealth protection plan was put in place to ensure appropriate indemnity for any possible risks associated with health, wellbeing and unforeseen accidents.

From implementing his financial plan John had certainty and clarity in terms of his financial position and future goals.  John can now make informed decisions about his financial gaols and strategies as life goes on.

The wealth protection plan, John has implemented, provides a sense of security. He can be confident that should a major sickness or accident, inadvertently occur, at any time in the future, there will be adequate funding available to meet medical costs and replace lost income.

John has put in place one superannuation fund that has a clear strategy for accumulating and building wealth over the long term securing him the lifestyle he wants to live in retirement.

Testimonial

Thanks to Elliot Watson Financial Planning I have a plan in place to help me get ahead, grow my wealth and still have fun along the way.

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