KNOWLEDGE CENTRE

Make Your Superannuation a Safe Bet!

Updated: Apr 10

Australians love a punt. Hundreds of millions of dollars are wagered on the Melbourne Cup each year alone, and the race that stops the nation only takes 15 minutes. What if I told you that if I had 15 minutes of your time, you could potentially have an extra $1.1 million to spend on your retirement?


Ensure that your superannuation will go the distance!

Do you know what the rate of return for your superannuation was last year?

Do you know if this rate is good or bad compared to other superannuation funds?

Better still, do you know the balance of your superannuation?


Is your response to these questions, "I don’t know" or "who cares"?

Is it that you won’t need your super for another 20+ years so you’ll worry about it later? Will you only worry about it after you have bought a house?

Or after you find the right job?

Are you going to wait until after the kids have finished high school?


If I told you that you could be throwing away $1.1 million over your lifetime would you be more interested?


The differences between rates of return for superannuation funds can vary tremendously. If you are 25, on an average salary of $80,000 and your employer is making superannuation guarantee contributions of $7,600 per annum, these percentage differences in real terms at retirement can mean a superannuation balance of $854,247 at 4.4% return or $2,030,272 at 7.7% return. Which balance would you rather have going into retirement?


The best time to think about your super is right now.


Please contact us if you want to review your superannuation fund or strategy. We can help you to find the best super plan to meet your individual needs.



DISCLAIMER:

S&Y Private Wealth has prepared this report for general information informational purposes only. The information contained in this report has been obtained from sources that were accurate at the time of issue. The information has not been independently verified. S&Y Private Wealth does not warrant the accuracy or reliability of the information in this report. The report is current as of the date it has been published. This report does not comprise investment advice. In preparing the article, S&Y Private Wealth did not take into account the specific investment objectives, financial situation or particular needs of any specific recipient. This report is not a solicitation or an offer to buy or sell any financial product. S&Y Private Wealth is not aware whether a recipient intends to rely on this report and is not aware of how it will be used by the recipient. Investors are advised to contact their investment adviser (in this case, Dimitri Argyros) to determine whether the information contained in this report should be factored into their personal investment decisions. S&Y Private Wealth believes that the information contained in this document is correct and that any opinions or conclusions are reasonably held or made at the time of its compilation in an honest and fair manner that is not compromised. However, no representation is made as to the accuracy, completeness or reliability of any opinions, conclusions or recommendations (which may change without notice) or other information contained in this report. To the maximum extent permitted by law, S&Y Private Wealth disclaims all liability and responsibility for any direct or indirect loss that may be suffered by any recipient through relying on anything contained in or omitted from this report. S&Y Private Wealth is under no obligation to update or keep current the information contained in this report and has no obligation to tell you when opinions or information in this report change.

S & Y Private Wealth Pty. Ltd., trading as Silver & Young Private Wealth (ASIC Representative No. 445413) is a Corporate Authorised Representative of HNW Planning Pty. Ltd.

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The financial services that the adviser offers are provided through S & Y Private Wealth Pty. Ltd., ABN 60 504 633 842.

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