It’s your choice…

Despite numerous changes to superannuation and pension funds over the years, ‘super’ remains a highly tax effective way to save for retirement. And while it is by no means the only way to grow your wealth, superannuation should play a significant role in your overall financial strategy.

Essentially there are three types of superannuation funds in Australia, each with their own unique advantages (and disadvantages)… ‘industry’, ‘retail’, and ‘self managed’. While any one of these options can work well, the challenge is finding the most appropriate solution for you.

If you’re unsure about your new or existing super fund, it’s important to get a second opinion. A qualified financial advisor will consider your retirement goals and preferences, narrowing down the superannuation universe to a few ‘best’ alternatives.