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Retirement Planning & Superannuation

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Thinking about retirement?

Are you questioning if you will have enough money to live your life the way you want to?

Experience has shown that people often leave financial planning for retirement until later in life.

Unfortunately this is often too late.   The later you leave retirement planning the harder it is to make any real changes that will have an effect on the amount of funds you will have.

That said, it is never too late or too earlier to start thinking and planning for your retirement. What’s more, planning to save money does not just have to be about retirement, it can also be putting money aside so you are financially independent quicker.  The sooner you take the time to start planning the better your situation will be and the better you will feel about your future financial prospects.

With the right help from Concept Wealth Solutions your expectations of retirement could change from what you may be anticipating now, t o understanding that with a few changes, some careful planning and the right advice you can change your expectations to something much more.

At Concept Wealth Solutions we encourage our clients to start thinking about what retirement/financial independence means to them. For you, retirement may be financial independence where you don’t have to work as hard, say from age 45, or retirement may be actually retiring fulltime from the workforce at age 60. Retirement means different things to different people, which is why we spend a lot of time with our clients tailoring our financial advice to their specific needs.

Our experience and knowledge can help you develop a wide range of retirement solutions such as establishing a transition to retirement plan if you’re aged 55 and above, or by reorganising your super investments so that your super is positioned for growth and/or income.

In all cases, we start by looking at your current financial situation and working out an estimate of the funds you should be targeting to accumulate to reach your goals.

We then establish how you can meet this goal based on your current income, savings, loans and assets.

Using our knowledge, experience and investment tools we will provide you with recommendations on suitable investments, investment structures, tax savings and ways to protect your financial position.

Importantly, these recommendations are specific to you and your circumstances so you know that by working with Concept Wealth Solutions you will have the best chance of meeting your financial goals.

Superannuation

Superannuation is a proven tax-effective investment strategy, and is an essential part of planning to provide for your desired income retirement.

Concept Wealth Solutions will help you put together a personalised and cost-effective superannuation strategy, aimed at growing your super and your family’s future.

Salary Sacrifice: Is a tax-effective strategy where an individual may be able to invest greater levels into their Super to boost retirement funds.

Transition to Retirement: Transition to Retirement strategies are tailored to suit your circumstances. They take advantage of Superannuation rules that allow you to roll some or all of your Superannuation monies into a non-commutable Account-based Pension.  This provides a regular tax effective income that you combine with your take home pay.

Account-based Pension: An Account-based Pension is an account that will provide you with a regular income stream from your Super savings. The income stream will generally be available to you once you retire from the workforce on or after your preservation age or attaining age 65.

Self-Managed Super Funds

More and more people are considering setting up their own Self-Managed Super Fund (SMSF). As the name implies, a SMSF is effectively a do-it-yourself arrangement.

SMSFs are very popular with thousands of Australians wishing to make their own investment decisions and have a direct hands–on role in managing their own retirement savings. They’re choosing the option of an SMSF because it provides tangible benefits:

  • Absolute discretion with respect to the choice of a wide range of investment options
  • Control over your money
  • Borrowing to invest into property and shares
  • Active participation in running your fund
  • A family retirement vehicle
  • An asset protection vehicle
  • Concessional tax environment for wealth accumulators and retirees
  • A powerful tool for family groups to take advantage of estate planning strategies

Advising clients on managing their own fund is a Concept Wealth Solutions specialty.

Our Self-Managed Superannuation Fund (SMSF) packages provide the services you need to manage your own superannuation fund.

With our SMSF service, you’ll benefit from the significant advantages of establishing a self-managed super fund without having to worry about ongoing administration and compliance.

The first step is a two-hour meeting to discuss the following (tailored to your situation):

Superannuation and the various options for running a super fund, including how much they cost

  • Is a Self-Managed Super Fund right for you?
  • How to establish your new super fund, including the setup costs
  • How assets are transferred into your new super fund
  • Ongoing administration, taxation and reporting requirements
  • Your duties and obligations on becoming a trustee of your own superannuation.
  • Investment of your superannuation funds in a high level of detail

We offer two service levels – one for those who have not yet established a SMSF, and a second service for trustees of an existing SMSF who are looking for assistance with developing a compliant investment strategy.

If you don’t currently have a SMSF and you decide to go ahead and establish one, our SMSF service offers the following features:

  1. Setting up your SMSF – We can help you with all the paperwork required to establish a Self-Managed Super Fund. You can then choose to either administer your SMSF yourself or take advantage of our complete SMSF administration service.
  2. Administering your SMSF – We can help you with the ongoing administration of your SMSF, managed by your own degree-qualified Superannuation Account Manager.
  3. Investing in your SMSF – Our expert Investment Advisors can help you develop your fund’s investment strategy and portfolio and provide you with ongoing investment advice and management.

If you have already established a SMSF with your accountant or on your own you may be looking for professional advice to help you with the investment strategy of the fund.  In this case we have designed a second service for trustees of SMSF’s who are looking for additional help with managing and investing the funds within the SMSF, to ensure the investment strategy is compliant with superannuation legislation.

Please feel free to contact Concept Wealth Solutions to arrange a free, no obligation meeting to discuss your SMSF needs today.

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Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.

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About Us

We recognise the importance of safe guarding your financial wellbeing as well as your physical wellbeing. Everybody has different needs and ... Read more

Our Services

Welcome to Concept Wealth Solutions.  We are a privately owned Financial Planning group providing Comprehensive Financial Advice to Private and ... Read more

Meet Our Team

We have an experienced team of financial advisers/staff to ensure that the impact on your day-to-day life is minimal. Our staff chase up the banks, ... Read more

Our Location

Nexus Building, Suite 510
4 Columbia Court
Baulkham Hills, NSW 2153

02 8852 5711info@conceptwealth.com.au

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Concept Wealth Solutions Pty Ltd
ABN 23 128 089 672
Authorised Representative No. 320225
PO BOX 168
The Entrance North , NSW, 2261

Alliance Wealth Pty Ltd
ABN 93 161 647 007
AFSL 449221
Level 9, 10 Bridge St
Sydney, NSW, 2000