Commissions and Clients
Minister Bill Shorten is adamant that he will ban commissions within Super, after a recent lunch that we attended too, with the Minister as the main Speaker.
Possibilities of living off super?
I have many clients in various super funds that are on incomes of less than $70K, mostly ones that there employer are choosing. I have to say, they have never received quality advice in the past, because their super is now at a standstill point, there super is not growing with the rate of inflation, and these clients are only staying with these current super funds, only because they receive more than the standard Super Contribution of 9%, there actually receiving 15%.
How can anyone, possibly retire off $130k for life, its literally impossible?
Using Financial Advice!
We urge people who have never used a Financial Planner who are coming of age of over 50 or coming close to 50 years of age, to contact us, to assist in a strategy that will help you develop a plan, to retire on amounts, that supersede, the capped super plan, that the government knows you will retire on. See it’s all planned, you were never meant to retire on any more than what your worth, and it’s maybe a philosophy the government adopts.
For all the other clients who are under 50, it’s a suggestion, you get a plan in place, its only moments away were you will blink, and that you will turn 50 years of age, and if you’re like the rest, then you too, will retire, on the set amount, the government has in place for you.
What are you doing now, to change tomorrow?
If you have a question about your superannuation, or would like to speak to a Financial Adviser, call Australia Wide Tax Solutions in Leichhardt, Sydney on +61 (2) 8571 7300 or contact us.