You can arrange for a legalsuper representative to visit your workplace to brief you and your staff on superannuation. It is a free service.
Typical discussion topics include:
- Understanding the choices within your super fund
- How much super you may need at retirement
- Recent legislative changes to super
- The different contribution methods to build up your super (such as salary sacrifice)
- How to consolidate multiple super accounts
- How to find lost super
- Understanding the differences between investment options
- Tax effective options for those retiring or considering a transition to retirement strategy
- Insurance options within your super fund
Taking control of your super will make a big difference to your accumulated retirement savings. The following example is typical of the information your legalsuper representative uses to demonstrate the benefits of maximising your super.
Whilst both Felicity and Rose are the same age and earn the same income, Rose understands that by choosing a more appropriate investment option, by paying less in fees, by saving more and by working longer, a substantial difference in retirement savings can be achieved.
|Income (including super)||$76,475||$76,475|
|Fees paid (per annum)||1.5%||1%|
|Extra into super (gross)||$0 per month||$40 per month|
|Final balance (today’s dollars)||$302,272||$441,671|
Sourced from the ASIC website www.moneysmart.gov.au.
Starting balance $10,000, insurance premium $312 per annum, 3.50% inflation.
Investment options used for illustrative purposes only are those provided within the ASIC Superannuation calculator.
This table is provided as a guide only, actual results may differ.