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Superannuation

We can help you cut through the confusion and find the best super strategy for your situation

You hear the word super bandied about almost daily at present.

While everyone seems to have an opinion from our perspective superannuation actually seems to be one of the least understood areas of finance. The reality is that super is a government sponsored tax shelter but one that comes with strings attached. To take advantage of its large tax concessions you need to abide by a strict set of rules and if you fall outside these the penalties are heavy.

The number of SMSF’s or self managed super funds has burgeoned in recent years but while a SMF can be a great way to go for some people it is definitely not the right way to go for others.

An SMF may be a good idea for you if:

  • You enjoy controlling your investments in a totally hands on way
  • You are capable or qualified with regard to investment
  • You are able to satisfy all the legal requirements of a super fund trustee and comply with changing regulations
  • You have at least $300,000 in your fund

On the other hand being in a good managed fund has advantages also:

  • You simply get on with your life without having to make investment decisions
  • You have the performance of your investment summarized and presented to you regularly
  • You have no legal obligations
  • You can enter from any investment level

We have experts who can advise you what is the best path for you to follow with your super to guarantee what super is there to provide – a secure and enjoyable life after you retire.

Call us now on 1300 799 422 or email life@oib.com.au to talk to one of our local advisers to find out what is likely to be your best option with super.