Getting Financial Advice  What does financial advice cover? Financial advice can cover a range of areas including: ·         budgeting ·         tax planning ·         investments ·         aged care planning ·         estate planning  ·         superannuation  ·         life and risk insurance;  and  ·         government benefits that may be available.  Why advice is important Quality financial advice can help you create a secure and comfortable future for you and your family. There are many circumstances in your life which force you to reassess your goals.   You may have reached a retirement age and need specialist advice on how to consolidate everything you have worked so hard for.   There may be relationship and employment changes, business ownership, or you may just want to figure out the best way you can maximise your investments so that those holiday and car advertisements  don’t look so unachievable. With a skilful team of people behind you, your goals are possible. Our staff will discuss your lifestyle and business goals holistically and then with careful planning come up with the right financial strategies to build a better and more prosperous outcome. We will make sure you have access to the best lending, superannuation,  investments options to support your strategies.  For more information on money and getting advice visit the Financial Literacy Foundation's website - www.understandingmoney.gov.au

 

 

Personal Superannuation

 

Choosing the right superannuation plan for you will help support the kind of lifestyle you expect in retirement.  Plan your super and investments accordingly, working on the basis that around 65% of your pre-retirement salary per annum will be adequate to sustain your lifestyle.  However, everyone is different and that is why it is important to assess your future goals now. The more money you put aside until retirement will determine just how much you can accomplish in your ‘leisure years’.

 

How much should I contribute towards superannuation?

 

By law an employer has to contribute 9% of an employee's gross salary towards a super fund (otherwise known as the Government Superannuation Guarantee).  Employees often make extra contributions to plan ahead.  mba can advise on the amount of personal contributions based on your existing salary and your retirement expectations. 

 

Also, to encourage people in the lower income bracket to add more to their super fund, the Government co-contributes an extra $1.50 for every dollar you contribute (for full details: http://www.ato.gov.au/individuals/content.asp?doc=/Content/42616.htm).