Saving for retirement is crucial to ensure you can live the life you want once you stop working, and how you generate those savings will make a big difference to your financial security. At Commonwealth Financial Planning, we can help you navigate all of the retirement savings options available to you and recommend the right strategy to help you achieve your unique goals for retirement.
There are four main types of super funds, each of which offers unique benefits:
You might also consider alternatives such as the Commonwealth Bank’s Superannuation Savings Account, which works just like an everyday bank account, except it accepts super contributions. It offers the same tax advantages as saving in superannuation, and your money is subject to the same restrictions (e.g. when you can access your super).
As well as saving in super, some people like to build a strong investment portfolio. While investments don’t generally offer the same tax benefits as superannuation, they can offer more control, and you can access your money whenever you like.
If you don’t have the time or investment experience to invest directly, you might consider investing through a managed fund, where professional fund managers look after your money.
If you’d like advice on how to save for retirement, you can book an appointment online to organise a complimentary, no-obligation consultation with a Commonwealth Financial Planner, and start planning for a better life today.
For convenient, 24-hour banking, we have one of the largest ATM networks of any Australian bank.