Superannuation
Your superannuation is now regarded as the key element in your retirement planning and is likely to be the second largest asset you will accumulate, after the family home.
It is therefore very important to manage this asset with extreme care, and you should realise that the passive approach that many adopt is unlikely to yield the same results as one that employs active ongoing management.
Hodson Financial have been specialists in this area for a long time and have the knowledge and resources to guide you through an often complex financial area, now and into the future.
It will no longer be sufficient to rely on Government age pension benefits to supplement your retirement income, as these benefits are becoming increasingly inaccessible due to income and asset tests, as well as a gradual lengthening of the age pension eligibility age, which is currently 67 and likely to increase eventually to 70.
The current rules allow for concessional contributions, either employer or personal, of $27,500 p.a. and non-concessional of $110,000 p.a.
Due to the favourable tax treatment of superannuation monies, this is a highly recommended area to build on for your overall wealth accumulation program.
