Superannuation and SMSF:
Navigating Retirement Savings and Self-Management
Possibly your largest asset after the family home, and like the family home without skilled management and maintenance you could be left with a fraction of what you need in retirement. Have you had your account reviewed lately? Key Concept are experts when it comes to making your Superannuation perform, so contact us now to get your Super tracking in the right direction today.
Superannuation refers to the overarching system of retirement savings in Australia, where individuals contribute a portion of their income to a professionally managed fund. In contrast, Self Managed Super Funds (SMSFs) allow individuals to take direct control of their investments. With an SMSF, you are responsible for making investment decisions, managing assets, and overseeing the fund. While SMSFs offer increased flexibility and control, they also come with additional responsibilities and the need to comply with regulatory requirements.
Superannuation
Key Concept Financial offers clear and concise advice on your superannuation fund, ensuring a tax-efficient strategy that matches your unique needs, goals, and risk tolerance. Our experienced team selects the most beneficial fund and thoughtfully aligns it with an investment portfolio tailored to your specific requirements.
Self Managed Super Funds
Setting up an SMSF provides greater investment flexibility, control, asset protection, and access to unique asset classes like direct property investment. Additional benefits include in-specie contributions and enhanced estate planning. SMSFs offer a wider range of investment options compared to retail or industry super funds.
Lost Super
Have you lost track of your superannuation? At Key Concept Financial, we’re here to help you reclaim what’s rightfully yours. Our easy-to-use service locates any lost super accounts in your name, ensuring your hard-earned money is consolidated into one place. Don’t let your super slip through the cracks—secure your financial future by reconnecting with your lost super today.
Superannuation
At Key Concept Financial, we are committed to offering comprehensive guidance on your superannuation fund and crafting a tax-efficient strategy that aligns with your unique needs, goals, and risk profile. Our experienced team carefully analyses options to identify the best fund that meets your specific requirements.
We recognise the complexities of superannuation and aim to simplify the process for you. Our advisors provide clear explanations of super funds, ensuring you fully understand the options available. With our support, you can make informed decisions that drive optimal financial growth and security.
We also focus on developing an investment portfolio that complements your chosen super fund. Taking into account your risk tolerance, objectives, and long-term goals, we build a portfolio designed to maximise returns while effectively managing risks. We continuously monitor and adjust the portfolio to reflect your evolving circumstances and market conditions.
Our commitment to straightforward, clear advice is rooted in our belief in accessible and transparent financial planning. We prioritise open communication and address your questions and concerns to build your confidence in your superannuation choices.
At Key Concept Wealth & Insurance, we are dedicated to guiding you through the complexities of superannuation, helping you achieve a tax-efficient plan that aligns with your financial goals. With our expertise and personalised approach, your superannuation is in capable hands.
Self Managed Super Funds
Setting up a self-managed super fund (SMSF) has several advantages, including increased investment flexibility, control, asset protection, and access to unique asset classes like direct property investment. With an SMSF, individuals can tailor their investment portfolio to match their financial goals and risk tolerance, offering greater flexibility compared to retail or industry super funds.
One of the key benefits of an SMSF is the security it provides. By establishing a separate legal entity, you can safeguard your superannuation assets from potential creditors and legal claims, ensuring long-term financial security. This reassurance of financial safety can bring peace of mind.
SMSFs also allow for in-specie contributions, enabling individuals to transfer assets they already own into the fund directly. This can enhance tax efficiency and simplify asset management.
Another advantage of SMSFs is their superior estate planning capabilities, allowing for the customisation of benefits to facilitate efficient wealth transfer.
Moreover, SMSFs offer a broader range of investment options, including direct property investments, which can provide potential growth and rental income, adding diversification to the portfolio.
In summary, SMSFs provide investment flexibility, control, asset protection, access to unique asset classes, in-specie contributions, and enhanced estate planning. They are an attractive option for those looking to take control of their superannuation investments and align their strategies with their financial goals and aspirations.
With Key Concept Financial’s personal insurance coverage, you can trust that your financial well-being is protected and that you have the necessary support during tough times. Rely on us to provide dependable and personalised solutions that prioritise your financial security and peace of mind.
Lost Super
As at the 30th June 2015 the ATO estimates (source the ATO website) there is over $12,000,000,000.00 (YES BILLION) in lost Super accounts in Australia, the Central Coast Region has over $150,000,000 in Super that is unaccounted for. “How much is mine?” This is a question we can help answer, Key Concept will take the hassle out of finding what is yours, we have a simple easy to use service that will locate any accounts belonging to you, please contact us today, we are ready to help!
Reclaiming lost super is crucial for boosting your retirement savings. Over time, superannuation accounts can become lost or forgotten, especially if you’ve changed jobs or moved addresses. Consolidating lost super into your main account can significantly increase your retirement savings, potentially by thousands of dollars.
Having multiple super accounts means paying multiple sets of fees. Reclaiming and consolidating your Super can reduce these fees and maximise your savings, ensuring more of your money works for you.
Managing a single super account is simpler and more efficient than juggling several accounts. Lost super can slowly be eroded by fees and insurance premiums, reducing the amount available when you retire.
At Key Concept Financial, we assist you in finding and reclaiming your lost Super, guiding you through the process to make it straightforward and stress-free. Contact us today to get started on securing your superannuation for a more prosperous retirement.
