Although we all have superannuation, many people still don’t fully understand how super works or the ways it can be put to use to maximise personal wealth. The table below is a comparison that shows how your income is taxed both inside and outside of the superannuation environment.
The tax incurred is significantly different between investments held inside and outside of superannuation. And the compounding effect of these differences can be enormous over time. But this is just the most obvious benefit to holding investments inside super. There are a number of strategies that can help you take advantage of these concessions, even before you retire. At Nexus, we can identify these strategies and assess them against the backdrop of your entire wealth plan.
Superannuation is the most tax effective method of investing in Australia. Understanding how it can be used, both before and after retirement, can have a significant impact on your overall wealth plan.
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A self-managed superannuation fund (SMSF) gives you access to financial growth strategies that aren’t available with industry or retail super funds.
If you’re disappointed by the performance of your retail or industry superannuation fund, an SMSF can provide more flexibility, control and investment choice.
There are many obligations and responsibilities for the trustees of a self-managed superannuation fund and significant financial penalties can apply if these responsibilities aren’t met. It’s important to get professional advice before setting up an SMSF.
At Nexus, we have highly-skilled and experienced wealth managers to offer advice on establishing and managing SMSFs. When you establish an SMSF, you become the trustee of that fund and responsible for meeting legal obligations. This is a specialist area of knowledge that we can assist with.
All Superannuation advice is provided by Financial Planning services provided by Nexus Private Financial Planning Pty Ltd, Trading as Nexus Private Financial Planning Pty Ltd, 58 159 649 055, Authorised Representative Number 469668 of Hunter Green Pty Ltd, Australian Financial Services Licence No. 225962.
The first step is for us to understand where you are now and have a clear picture of where you want to be and the things that are important to you.
We prepare well-considered plans that draw upon a vast array of practical experience and technical knowledge to achieve your objectives.
We work together reviewing your progress and tweaking your circumstances to ensure superior outcomes, now and into the future.
Nexus Private Wealth Management is privately owned and not licensed by a bank or institution. We do not sell our own financial products or property.
The first step is for us to understand where you are now and have a clear picture of where you want to be and the things that are important to you.
We prepare well-considered plans that draw on a vast array of financial strategies and practical experience to achieve your objectives.
Our connected team of specialists take a collaborative approach to ensure superior outcomes now and into the future.
© 2021 Nexus Private Wealth Management
Financial Concierge services provided by Nexus Private Wealth Management Pty Ltd – ABN 37 641 644 251 | Lending services provided by Nexus Private Lending Services Pty Ltd – ABN 37 169 705 926 (ACL no. 463839) | Investment Property services provided by National Property Advisory Pty Ltd – ABN 52 159 828 038 (REA no. 3565433) | Accounting and Taxation services provided by Nexus Private Accounting Services Pty Ltd – ABN 84 169 784 329 (RTA no. 25331778) | Nexus Private Financial Planning Pty Ltd, ABN 58 159 649 055, Authorised Representative Number 425962 of Hunter Green Pty Ltd, Australian Financial Services Licence No. 225962. Although the same Adviser may offer you services under the above businesses, each business is solely and separately responsible for the advice they each provide. In particular, Hunter Green is only responsible for the financial planning services provided by Nexus Private Financial Planning.
Any advice contained in this website is General Advice and does not take into account your objectives, financial situation or needs. Before acting on any General Advice, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) for that product before making any decisions.