We help you look at all the options that are available to you. The financial advisors at Coast Financial Planning have the means to access up to 500 different superannuation funds throughout Australia. This means we can provide you with the best advice that suits your own individual needs. We provide you with a monthly and annually report for all your super contributions so you can see at a glance how your funds are going. You will receive an annual visit by out friendly advisor to ensure you super is doing the best for you at all times, even if your situation changes, we will be at hand to guide you through this. As your life evolves we evolve with you.
Industry Super are the default super funds for most Industries from the Building Trade to Nursing to Clerical and Administration. Q Super, Hesta and SunSuper are just a few of the options available. From July 2005, as an Australian employee (with some exceptions) you are able to choose the fund into which your employers pay your superannuation in to. In turn industry super funds were no longer industry specific, which means you have more choice where your money goes.
Despite choice of fund being an option for most Australian workers, most workers (over 70%) stick with the default fund their employer chooses. We at Coast Financial Planning on the Gold Coast and In Hervey Bay will do a complete review of your current Superannuation fund and provide you with the best advice that suits your needs. You may be in the best superannuation for your needs already and if so we will recommend you to continue as you are. It’s always worth having a professional second opinion on your superannuation as this can effect when and how much you will have in your fund at retirement.
Personal Superannuation Funds are superannuation’s set up by the individual and take them wherever they work. These tend to offer access to direct shares and have greater flexibility to insurance providers and their premium payments. Examples of these are MLC Master-key Super, Colonial First State Superannuation, AXA North Personal Superannuation and many more.
You can boost your super by adding your own contributions to your super fund or into your spouse’s super fund. This is beneficial if your partner has taken time out of work to bring up a family and you would like to boost their super when they return to work.
Personal super contributions are the amounts you contribute to your super fund from your after-tax income (that is, from your take-home pay).
These contributions:are in addition to any compulsory super contributions your employer makes on your behalf. They do not include super contributions made through a salary-sacrifice arrangement.
Personal contributions are non-concessional (after-tax) contributions and will count towards your non-concessional contributions cap unless you have claimed a tax deduction for them.
If you would like to retire earlier than the current age of 67 then it’s a good idea to look at personal Superannuation funds so you have more control of your funds and also you can personally boost your fund each year if needed.
At Coast Financial Planning here on the Gold Coast and Hervey Bay we will undertake a complete review of your current Superannuation funds and reveal to you any changes that are necessary, particularly if you are thinking of retiring earlier than the age of 67 it is a good idea to get your funds working for you the best way you can.
Employer Super is the superannuation typically offered by small to medium sized companies. They are used as a “default fund” if the employee does not choose their own superannuation.
As an employer the super guarantee (SG) must be paid on all employees who earn above $450 per month before tax. The super guarantee (SG) is currently at 10% of your ordinary time earnings.
As an employer you must pay the SG at least four times a year by the quarterly due dates.
We at Coast Financial Planning on the Gold Coast and Hervey bay can help you ensure your superannuation payments are all up to date each year, we will also do a review to ensure your employer super is the right superannuation fund for your future needs.
"From our first meeting Nick made us aware of our financial potential, helped us to set goals and take the right stepts towards making our goals a reality. His support and advice has been invaluable to our family. We would be happy to recomment Nick because he goes above and beyond to ensure you have the correct information and advice to move farward financially."
"Nick has helped us to consolidate our various superannuation accounts into one place. He has also reviewed our Life, TPD & income protection insurance and advised us on the types and levels of cover required. We have found that advice and service excellent and when we did have to make claim on income protection Nick took care of all communication with the insurer which made the process less stressful than it otherwise might have been. I am no expert in the world of financial advice and do not have a lot of experience with other advisors in Hervey Bay but i can honestly say that i have found the advice, support & service to be excellent and for those reasons I am happy to recommend Nick to anybody who is looking for a professional to assist them in this area."