What sort of money and assets can I use to invest in super?

There are many ways you can invest in super:

– investing cash, which may be surplus income or perhaps lump sum from the sale of an investment property or business

– transferring direct shares and commercial property into a DIY super fund

– self-employed concessional contributions

– spouse contributions, where you contribute on behalf of your spouse  

– salary sacrificing a portion of your pre-tax salary

– co-contributions, where you contribute and receive an additional payment from the Government (assuming you are eligible)

I don’t have any money or assets to contribute at the moment, what should I do?

Even if you don’t have any money to invest in super right now, you should still take the time to review your current contribution and investment strategy. The contribution caps now in place mean it will take much longer than previously to build your super to the level you will need in retirement.   

By starting to plan now, you can maximise the amount you are eligible to withdraw tax free.

Do I need a financial adviser to invest more into super? Is my adviser the only person who can get the forms processed?

In both instances, no. You can access, complete and submit the necessary forms to your super fund without going through a financial adviser.

However, managing the contribution and investment strategy for your super can be complex, so consulting a financial adviser may be the best way for you to be sure you are on the right track.

Link to Discover more about the value of advice.

I am retired and 75 years or older, are there any super opportunities I can take advantage of?

No. You can only add to your super between age 65 and 74 if you meet the work test.

It is never too late, however, to review your retirement and pension plan to ensure you are making the most of your savings.  

Now is the time for you to focus on income generation and investment strategy, so it is very important that you have the right strategies in place to ensure your savings can continue to generate sufficient income in retirement.

We can help you with this, so why not contact us today to ensure your money continues working hard for you. Link to Make an appointment with a financial adviser in your state.

I am in my 30s and don’t have much in super. Retirement seems so far away, is saving for my retirement really relevant for me?

Yes. No matter how old you are, or how much you have in super, saving for retirement is an essential financial goal.

Super is an efficient and tax-effective long-term investment vehicle. The best way to take advantage of it is to adopt an active approach to your retirement planning. This means having a well-planned contribution strategy and investment strategy in place.

We have a range of flexible superannuation solutions that can help you to maximise your retirement savings.

Start planning now - talk to your financial adviser or contact Perpetual directly.

There’s a lot of information available about super now but I’m still not sure how best to take advantage of it. What should I do?

The best way to get more detailed information about superannuation and how you can benefit from it is to speak with a financial adviser. You can contact Perpetual Private Clients on 1800 631 381 or contact Perpetual directly.