Superannuation

Superannuation remains the most effective way to save for your retirement. While you can always just ‘set and forget it’, or enrol in your employer’s default superannuation program, it’s best to speak with a financial adviser first. Commonwealth Financial Planners can help you choose the right superannuation option for your unique needs and goals. We can also help you take full advantage of financial opportunities to maximise your investments and work towards achieving the retirement lifestyle you’re looking forward to.

Financial planning

Financial planning isn’t just about making more money. It’s about creating opportunities to live a better life. We offer a range of financial planning services to help you reach your goals.

Smart super strategies

Millions of dollars have gone lost or unclaimed in this country as Australians change jobs and forget to take their superannuation with them. Some of this money could be yours. If you’ve changed jobs, you may need to find lost super or consolidate your super accounts. Also, think about taking advantage of government co-contributions and optimising your salary sacrifice.

Superannuation basics

Super can be complicated, so we’ve outlined the essentials of a few crucial areas, including why super is important and how much super you’ll need. Compared to other investments, your super earnings are taxed at a much lower rate, and since this can have a dramatic effect on your long-term savings, you’ll thank yourself for getting started early.

DIY super funds

Many Australians are taking control of their finances by starting a self-managed super fund, commonly known as a DIY super fund. It’s an investment portfolio for your retirement – a fund that’s run by you, for you. As a trustee, you decide how the fund operates and what to invest in. And with the right tools, building a secure future for yourself and your family can be superbly simple.

Superannuation Savings Account

It’s like a savings account and a super plan rolled into one. Every dollar you put into a Superannuation Savings Account is guaranteed by the Commonwealth Bank of Australia, which is ideal if you’re looking for a safe place to save your money or if you’re a small business employer looking for a no-hassle option to pay super guarantee contributions. However, remember that because this is a superannuation account you cannot withdraw from it unless you meet a condition of release under superannuation laws. This product is available over the counter at any branch, however it is always best to seek financial advice, to understand if this is the best opportunity available to you.  

• Important information
  Commonwealth Bank Superannuation Savings Account (Superannuation Savings Account) is a retirement savings account established and maintained pursuant to the terms of the Retirement Savings Accounts Act 1997. Any future changes to the Act and regulations may result in changes to the terms and conditions set out in the Product Disclosure Statement. The Superannuation Savings Account is offered by Commonwealth Bank of Australia
  ABN 48 123 123 124 AFSL 234945 (the Bank) and is administered by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035, a wholly owned but non-guaranteed subsidiary of the Bank.
  
  As this advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on this advice, consider its appropriateness to your circumstances. For more information about the product, download the Product Disclosure Statement (PDS), provided in two parts - Part 1- General information and Part 2 - Latest interest rates - as well as the Tax and other information brochure. You can also call one of our Customer Service Representatives on 13 2015, between 8.30am and 6pm (Sydney time), Monday to Friday or visit any Commonwealth Bank branch. You should consider the Product Disclosure Statement before making a decision about the Superannuation Savings Account.
  
  Download a printable PDF version of the Commonwealth and Colonial Products Financial Services Guide (FSG).