Superannuation

As your trusted adviser we can assist with the right measure of information, tailored advice, and a genuine interest in helping you achieve your financial goals. Putting in the time to develop the right strategy, at any stage, has the potential to greatly enhance your situation both now and for the longer term. We can help to eliminate the worry of not knowing whether your savings will last in the years ahead, and It’s never too late to start a plan.

Our retirement specialists will take the time to assess your current financial situation, and understand your long and short-term goals and objectives, giving you the necessary information and understanding for you to see the path clearly ahead.

    • Finding lost superannuation - nearly one-in-two super-fund members have lost or not claimed superannuation. The Government believes there is currently $16.8 billion in 3.4 million lost super accounts in Australia. Finding and re-claiming super money you have forgotten, or consolidating numerous accounts into one is a great way to enhance your super. We can help you locate lost or forgotten super and consolidate it into the right superannuation fund.
    • Transitioning to retirement strategies (TTR) – can be a very powerful way for many people approaching retirement to give their retirement savings a boost or alternatively ease into a new routine, retaining flexibility around their income. We can assist you in assessing the merits of this strategy and show you how to use a salary sacrifice strategy to improve your super savings and how you can withdraw up to 10% a year of your existing super savings to replace the income you sacrifice.
    • Centrelink and other Government benefits – need not be overly complicated. We can guide you through the complexity of pensions, allowances, and benefits available from accessing the Age Pension through to accessing a Seniors Health Card. We clarify how to qualify for entitlements and what the impacts are from your investment choices and current income arrangements.
    • Tax and retirement income strategies – your retirement investment options can have a big impact on your social security and tax outcomes. We can help you understand the implications and help you make the right decisions in light of your retirement goals.

Self-managed superannuation

Like other superannuation (super) funds, self-managed super funds (SMSFs) are a way of saving for your retirement.

The difference between an SMSF and other types of funds is that, generally, the members of an SMSF are also the trustees. This means the members of the SMSF run the fund for their own benefit.

The Australian Tax Office (ATO) is the regulator of SMSFs.

Thinking about self-managed super

SMSFs are not for everyone and you should think carefully before deciding to set one up. It is a major financial decision and you need to have the time and skills to do it. There may be better options for your super savings. Either way you should get professional advice.

Maximising your Superannuation

Thanks to our high standard of living and modern medical advances Australians are now living longer than ever before. While this is obviously good news, it also represents some challenges for most of us as our retirement savings may have to fund our lifestyle for longer than ever before. For some of us, it may even mean that our life in retirement will run for as long as our working life.

Depending on the standard of living and retirement goals you’ve set yourself, the 9.5% superannuation guarantee payment may not be enough to fund your retirement. The key to any successful retirement plan is to start taking an interest now.

With this in mind there are a number of simple strategies you can implement to give your super a real boost regardless of your salary bracket or access to additional savings funds.

Take a stronger interest in your super

Apart from assessing the merits of some or all of the above strategies everyone should take a stronger interest in their superannuation savings, and the earlier the better:

20 years from retirement
    • Develop a better understanding of asset classes and superannuation
    • Give consideration to how much you need for retirement
    • Ensure your long term goals and retirement objectives are factored into your wealth strategies
    • Gain insight into some basic financial concepts such as the effects of compounding and the benefits to be gained from having some of assets within more favourable tax structures such as superannuation
At 15 Years
    • Plan wealth optimisation strategies to set yourself up for the next phase of your life
    • Implement tax efficient strategies
    • Develop a business succession plan – leverage the value of your business and develop a clear succession plan that maximises your financial returns when you sell your business
    • Ensure your long-term goals and retirement objectives are factored into your wealth strategies
10 years out from retiring
    • Learn about all the available key strategies you should implement when approaching retirement
    • Start your transition to retirement strategy
    • Plan for your immediate priorities during your first years in retirement


Please call us on (02) 8054 1688   or email us on services@perennialgrowth.com.au to make an appointment to see us. We will assist you in exploring all available options and determining the most effective financial path, help you putting in place the best strategy possible, and support you toward achieving long term wealth growth and prosperity.