What is Superannuation?
Well firstly, it is your money!! Not your employer’s and not the Government’s.
Superannuation is a tax effective way to save towards your retirement. There are a lot of rules governing your superannuation savings and restrictions are placed on access. Generally you will not be able to access this money until you retire.
Think of superannuation as a Managed Fund.
And similar to a Managed Fund, your superannuation money is pooled, along with many other members’ money, and invested on your behalf by professional investment managers. This also means that you can instruct your superannuation fund manager to invest this money on your behalf in the type of investment strategy that best matches your profile.
OnTrack Wealth are specialists in Superannuation and can provide you with the appropriate advices concerning how and with whom you can and should be investing this money. We repeat – this is your money – Take control!
Watch and listen to this short 90 second YouTube clip on The Value of Financial Advice.