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Gearing up to slow down?
It’s never too early
Start preparing for retirement today. By having a structured financial plan as early as possible, you’ll be putting yourself in the best position for the future.
To give you an understanding of your total potential retirement balance, consider how you manage your savings, your super balance and structure, any investments you have and any pensions you are, or will be, eligible for.
It’s super dooper
How much do you need?
It’s important to have a goal in place when making plans.
A handy calculator provided by the Australian Security & Investments Commission can help you work out how much super you'll have when you retire and how fees will affect your final payout.
The fund that fits
Super is money that you have earned, and in most cases you can choose where your super goes, so do your research to find the best fund to suit your needs.
If you haven’t chosen your own super fund, your employer will usually pay your super contributions to their default super fund. This may not be the best fund for your situation, so it pays to make informed decisions.
If you're looking for complete control of your super, it may pay to think about a self-managed super fund.
That little bit extra
Your employer generally pays a Superannuation Guarantee of 9.5% (an increase of 0.25% from 1st July 2014) of your salary to your super fund.
Making extra contributions from your pre-tax wages is a great way to reduce taxable income and increase your final super payout, and there may also be tax incentives for putting in that little bit extra.
Saving for retirement
Watch your assets grow
Saving is the foundation of any long-term financial success. When setting financial goals for retirement, it’s important to understand where your income is currently coming from, and your spending habits so you can identify how much you can afford to save.
Proper management of your savings will see your assets grow and grow and grow...
Penchant for pensions
The rules regarding pensions are complicated and always changing. Check out the Department of Human Services website for the latest information relating to government funded pensions.
Your ‘golden’ years
We've got your back
Our Financial Planning team at People’s Choice Credit Union are all duly qualified, skilled and experienced to help you achieve financial success for the long and short term. Enquire online or call 1300 132 982 today.
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Please call us on 1300 132 982 from 9am - 5pm, Mon – Fri (ACDT) to arrange for a Financial Planner to contact you. Alternatively you can enquire online.
*Response timeframes based on same business day if before 3pm otherwise next business day.
The information on this page is not intended to constitute financial advice. For full details of the Financial Planning services we offer please refer to our Financial Planning Financial Services Guide (FSG), available from us. You should consider the Product Disclosure Statement (PDS) for the product before deciding whether to acquire it. The PDS is available from us. Any financial product advice on this page has been prepared without taking account of your objectives, financial situation or needs, so before acting on it you should consider the appropriateness of it having regard to those matters. People’s Choice Credit Union is a trading name of Australian Central Credit Union Ltd ABN 11 087 651 125 AFSL 244310. In Western Australia, our Financial Planning services are provided through Financial Solutions Australasia Pty Ltd ABN 36 008 939 599 AFSL 244308 (Financial Solutions), a wholly owned subsidiary of People’s Choice. Financial Solutions is not an authorised deposit-taking institution and its obligations do not constitute deposits in or liabilities of People’s Choice and are not guaranteed by People’s Choice.