What is superannuation?

Superannuation, often called super, is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement.

Super is a tax effective environment for your money; the account is held in your name, and both you and your employer can deposit money into your account. Your money will attract investment earnings, and when you reach your ‘preservation age’, you are able to start drawing on these funds.

How does superannuation work?

Superannuation is treated differently to most other savings. For most people, super will be taxed at a lower rate than a similar investment outside super. If you’re self-employed, you may be able to claim a tax deduction for personal contributions you make to super.

How we can help?

The team at Redpool Group can help you understand, grow and manage your superannuation.

We can help you:
• Consolidate your super funds and help you save on fees
• Identify investment options tailored to your goals and risk profile
• Review your concessional and non-concessional contributions to super
• Identify strategies to help boost your superannuation
• Enjoy the benefits of salary sacrifice
• Understand your insurance options within superannuation
• Determine if you have the correct beneficiary nominations in place
• Determine whether a self-managed super fund (SMSF) is right for you.

How to find your lost super?

If you think you may have lost track of your super then you have access to services to help you find your lost accounts.

• ATO’s SuperSeeker service

This service searches the Lost Members Register and other ATO records, such as ATO-held super accounts and unclaimed super money, for your lost super accounts. You can also use the phone service (13 28 65).

• myGov

You can use the ATO’s myGov service to see details of all your super accounts, including any you have lost track of or forgotten about. You will need to create a myGov account and then link your account to the ATO service.

• Previous employers

Ask your previous employers for the names of the super funds that received contributions on your behalf.

Call us on 02 4605 0350 for more information about how we can help you make the most of your superannuation.

Retirement means different things to different people. For some, traveling around in Australia in a caravan is a life-long dream but for others flying at the pointy end of the plane and staying in 5-star hotels around the world is more how they see life after work. Or maybe spending more time with the grandkids or volunteering in your local community rate high on your list of retirement goals.

We all have different ideas of what the second half of our lives looks like and that’s why planning for your retirement is so important.

Why is retirement planning important?

We are living longer and for most of us compulsory superannuation payments or the Age Pension alone won’t be enough to help us achieve the retirement lifestyle we’re dreaming about.

Putting a long-term financial plan in place will provide you with the comfort of knowing that you can do all those things that you dreamed of and that your financial future is under control.

How we can help

Redpool Group Financial Advisers can help you work out how much money you have now, how much you might have in the future and where it is coming from.

We will help you:

• Identify your retirement goals
• Review your income and cashflow requirements
• Identify what assets (house, savings, investments) you have and how much they are worth
• Assess how much super you have and when you can access it
• Find ways to grow your retirement income
• Put plans in place to make your money last in retirement
• Determine when you can apply for the age pension and whether you are likely to be eligible.
• Review your estate planning

Please contact one of our qualified Financial Advisers at Redpool Group on 02 4605 0350 to discuss your retirement planning needs.

Chris Angel

Director and Senior Financial Planner

I might look young, but already I’ve been in the industry for over 20 years now.  I make a difference to the quality of peoples lives by providing advice that makes sense and helps them live the lifestyle they want.

With a busy life myself, between business, sports activities and young children, I understand that the pressures of modern day living often get in the way of enjoying what’s really important to us.

I help change this.  I help people re-connect to their ‘why’.  Why are they doing the things they do?  For what purpose?  What are they looking forward to?  I have a passion for mentoring and helping clients make positive changes in their lives.  I’ll challenge the status quo and the way ‘we’ve always done things’ because I want to find a better way and I do this by providing straightforward financial advice and wealth management strategies that are easy to understand and implement.

Previously, I was the owner and Director of Vitality Financial that serviced clients for over 30 years.  I’m proud to say that as a founding Director of the Redpool Group which, an amalagamation of 2 multi award winning businesses, I can now offer our clients a team of experts across a broader range of services.  So regardless of someone’s needs, I have access to the skills and experience to offer the best advice and service available.

As a Senior Financial Planner and qualified credit adviser, I provide advice on a wide range of wealth management needs in addition to home loans, Centrelink and Aged Care.

‘My clients feel secure because they know that everything will be OK today and we’ve protected their dreams for tomorrow’.