Charter - What Are the Benefits of Superannuation?

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Home Page > Services Offered > Superannuation Solutions > What Are the Benefits of Superannuation?

What Are the Benefits of Superannuation?

By putting in place a suitable superannuation strategy you can increase the likelihood of doing the things you want to do in retirement.

Superannuation is a tax-effective means of saving. Tax concessions include:

tax deductions if you are self employed;
means tested rebates if you are an employee; and
favourable taxation (up to a maximum of 15 per cent) on earnings and capital gains of superannuation funds – this is lower than most personal tax rates.

In most cases your employer is required (under the Superannuation Guarantee Act) to contribute to a fund for you – which helps build your retirement savings more quickly.

Superannuation can provide you with benefits beyond savings, like access to death and disability (temporary or permanent) protection at affordable rates. This is particularly attractive where your insurance is paid from pre-tax employer or deductible member contributions.

In addition, most superannuation monies are protected from creditors.

Charter Financial Planning Limited ABN 35 002 976 294 AFS License No. 234665
Registered Office: AXA Australia Centre, Level 3 750 Collins Street, Melbourne, Vic 3000