Superannuation is a taxation strategy to provide a lifetime retirement and investment solution. Your superannuation plan could include many aspects including retail, industry, public sector defined benefits or accumulation plans and self managed superannuation funds (SMSF).
Each type of superannuation plan has its benefits, limitations and different strategy options. Money Mechanics can assist you in developing an appropriate superannuation plan to suit your needs.
This may include an investment strategy to protect and build your wealth within superannuation, including technical taxation strategies and tailored self managed superannuation fund strategies.
The different superannuation structures that we work with include:
- Industry Superannuation Funds;
- Public Sector Superannuation Funds (CSS & PSS defined benefit and PSS accumulation plans Military Super and DFRDB);
- Semi Managed Superannuation Funds (retail superannuation funds); and
- Self Managed Superannuation Funds (SMSF’)
As with all financial planning the first step is to determine your goals for life which includes the what, where, with who, and when?
This will often assist with determining which structure is right for your needs. The next step is the development of an investment strategy. This investment strategy will document and outline the approach on ‘how’ to achieve your goals.
Depending on the structure will depend on the investment product options that are available.